State Library
OF
MASSACHUSETTS.
B.
Return as Soon as Used.
_
e r
PUBLIC DOCUMENT .... .... No. 9.
FOKTY-SIXTH ANNUAL REPOBT
Insurance Commissioner
OP THE
Commoitfomltjr ai ^KBBKtlpuBtttB.
Januaey 1, 1901.
PART I.
FIRE AND MARINE INSURANCE.
BOSTON :
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,
18 Post Office Square.
1901.
to
ft
TABLE OF CONTENTS.
[For Index to Companies, see end of volume.]
COMMISSIONER'S REPORT.
PAGE
Introductory, v
Companies authorized during 1900, v
Companies ceasing to do business during 1900, vi
The Insurance Cojipany of the State of Pennsylvania, ... vii
The Traders Fire Insurance Company, viii
South Danvers Mutual Fire Insurance Company, x
Bound to make the test, xii
A PROPER RESERVE, xiv
The heduced-rate or co-insurance clause, xiv
Examinations xvi
The Erie Fire Insurance Company, xviii
Reports of receivers of insolvent mutual fire companies, . . . xviii
Receipts of the department largest in its history, .... xix
Comparative tables, xxi
Massachusetts Mutual Fire Insurance Companies:
Comparative Table A, xxiii
Massachusetts Mutual Fire-Marine Insurance Companies :
Comparative Table B, xxiii
Massachusetts Joint-Stock Insurance Companies:
Comparative Table C, xxiv
Insurance Companies of Other States:
Comparative Table D, xxv
United States Branches of Foreign Insurance Companies :
Comparative Table E, xxvi
Aggregates of all the companies, xxvii
Massachusetts Business :
Comparative Table F, xxviii
Table G. — Fire risks written, premiums received and losses incurred in
Massachusetts xxviii
Statistical tables, xxix
IV TABLE OF CONTENTS.
Massachusetts Mutual Fire Insurance Companies : PAGl
Table I. — Risks, assets, liabilities and surplus, xxx
Table II. — Gross cash income and expenditures, premiums, losses and
expenses, xxxii
MA8SACHU8ETT8 MUTUAL MARINE INSURANCE COMPANIE8 :
Table III. — Guaranty fund, 6crip, risks, assets, liabilities and surplus, . xxxiv
Table IV. — Gross cash income and expenditures, premiums, losses and
expenses, xxxiv
Massachusetts Joint-Stock Insurance Companies:
Table V. — Cash capital, risks, assets, liabilities and surplus, . . . xxxv
Table VI. — Risks written, premiums received and losses paid, . . xxxvi
Table VII. — Gross cash income and expenditures, expenses and dividends, xxxvi
Insurance Companies of Other States :
Table VIII. — Cash capital, risks, assets, liabilities and surplus, . . . xxxvii
Table IX. — Risks written, premiums received and losses paid, . . xli
Table X. — Gross cash income and expenditures, expenses and dividends, xlvi
United States Branches :
Table XI. — Showing deposits, etc., 1
Table XII. — Income, expenditures, expenses, etc., lii
Massachusetts Business in Detail :
Table XIII. — Risks written, premiums received, losses paid, etc., . . lv
Table XIV. — Receipts and expenditures of the insurance department, . lxi
DETAILED STATEMENTS.
Massachusetts mutual fire companies, 1
Massachusetts mutual marine companies 87
Massachusetts joint-stock fire and fire-marine companies, 94
Fire, marine and fire-marine insurance companies of other States, . . . Ill
United States branches of foreign companies, 419
Appendix, o27
Report of State Fire Marshal, 531
^ommotttotaliji of Stassaxjwsrits.
Insurance Department, Boston, April 8, 1901.
To the General Court of Massachusetts.
Herewith is submitted, as required by law, Part I. of the
report of the Insurance Commissioner. It comprises certain
comments upon the salient events in the record of the year, a
statement of the income and expenditures of the department,
tables giving in brief the business and standing of the fire and
marine insurance companies and their statements in extended
form as required by the statutes.
The details of the admission of companies to Massachusetts
and of the cessations during the twelve months ending Dec. 31,
1900, are given in the following tables : —
Fire Companies authorized during the Tear 1900,
NAME OF COMPANY.
Location.
Date of
Authority.
Capital.
Potomac, .
Moscow,
Salamandra
Nassau,
Camden,
Bkandia,
Rhode Island Mutual, .
Manufacturers' Mutual,
Mechanics' Mutual,
•Fireman's Mutual, ....
American Mutual, ....
Enterprise Mutual,
State Mutual
Dutchess Insurance Company,
Blackstone Mutual,
Merchants' Mutual,
Hope Mutual,
What Cheer Mutual,
Washington, D. C,
Moscow, Russia,
St. Petersburg,
Russia.
Brooklyn, N. T.,
Camden, N. J., .
Stockholm, Sweden, .
Providence, R. I.,
Providence, R. I.
Providence, R. I.
Providence, R. I.
Providence, R. I.,
Providence, R. I,
Providence, R. I.
Poughkeepsie, N. Y.,
Providence, R. I.,
Providence, R. I
Providence, R. I
Providence, R. I..
Jan.
4,
Jan.
17,
Jan.
24,
Mar.
5,
Apr.
30,
June
29,
July
9,
July
9,
July
9,
July
12,
July
16,
July
16,
July
16,
July
18,
July
25,
July
25,
Sept.
26,
Sept.
26,
$200,000
200,000*
200,000*
200,000
200,000
200,000*
200,000
* Deposit capital.
VI
REPORT OF THE
Fire Companies ceasing
to do Business in Massachusetts during 1900.
NAME OF COMPANY.
Location.
Date.
Remarks.
Globe and Rutgers, .
Insurance Company 8tate of
New York.
Thuringia-American, .
Bavarian Mortgage and
Exchange Bank.
New York, .
New York, .
New Orleans,
Wisconsin, .
New York, .
Pittsburg,
Providence, .
Norwalk,
New York, .
Baltimore,
New York, .
Bavaria, .
Jan. 2,
Jan. 2,
Jan. 19,
Jan. 20,
Mar. 14,
Mar. 7,
July 3,
July 2,
Nov. 30,
Dec. 31,
Dec. 31,
Dec. 31,
Authority revoked.
Authority revoked.
Withdrew.
Reinsured in Concordia.
Withdrew under compulsion.
Withdrew.
Reinsured and withdrew.
Reinsured and withdrew.
Merged with Northern.
Reinsured and withdrew.
Discontinued business.
Discontinued business.
Since Jan. 1, 1901, authority to do business in Massachu-
setts has been granted to the Palatine of London, deposit cap-
ital $200,000 ; the Colonial Fire of Washington, D. C, capital
$200,000; Indianapolis Fire of Indianapolis, Ind., capital
$200,000; Pawtucket Mutual Fire of Pawtucket, R. I.; Phil-
adelphia Manufacturers' Mutual Fire of Philadelphia, Pa. ;
Mercantile Mutual Fire of Providence, R. I. ; and the Central
Manufacturers' Mutual of Van Wert, O.
Since January 1 there have been two withdrawals, — the
Palatine of Manchester, in favor of the Palatine of London,
which was organized to take the former's business : and the
International Fire of Xew York. The license of the Insurance
Company of the State of Pennsylvania was revoked on March
19, for reasons elsewhere stated.
The notable feature of the admissions is the fact that thirteen
of the twenty-five companies last admitted are " mill mutuals,"
most of which are Rhode Island corporations. It is a matter
for congratulation that they are here doing business under the
sanction of law, and paying the Commonwealth the tax which
companies are morally bound to pay when they insure Massa-
chusetts business.
INSURANCE COMMISSIONER. Vll
The Insurance Company of the State of Pennsylvania.
A few words may not be amiss regarding the revocation of
the authority of the Insurance Company of the State of Penn-
sylvania to transact business in this Commonwealth. A study
of the statements of this company to this department for two
years back revealed the fact that it had been growing gradually
weaker, on account of excess of expenditures over receipts.
Then there were certain suspicious items in its statement of
December 31 last, which the department undertook to investi-
gate by correspondence with the company. The result was the
filing of a new statement as of same date as the one already
received, which increased the surplus of the company about
$37,000, but did not clarify the situation; nor was the depart-
ment able, after much correspondence, to obtain the informa-
tion necessary to an understanding of the company's condition,
although it did get many affirmations of the virtue and honesty
of the president, who conducted the correspondence for the
company. It also received an assurance from the president
that he was the only person who was informed about its
accounts and affairs. The insurance department of Pennsyl-
vania was called in to make an investigation and report, at the
request of the Xew York department, and after some delay a
copy of that report was furnished this department. It showed
that the company had, under the examiner's treatment of its
assets, in accordance no doubt with the laws of his State and
the usage of his department, a surplus of about $40,000. It
revealed the fact also that the company's statement to this
department greatty exaggerated the amount of cash in office.
Another difference was that the examiner found a certain
liability to be upwards of $64,000, which the statement gave as
about $26,000. There were other " discrepancies," to use no
harsher term, which showed that the statements of the com-
pany were not to be implicitly relied upon, if, indeed, they did
not furnish internal proof of their inaccuracy.
Had the report of the examiner of the insurance department
of Pennsylvania presented a statement showing a surplus of
$40,000 for the company, without including items in assets
which this department does not allow, but which are not ques-
tioned as being on the books of the company, it would not
Y111 REPORT OF THE
have been necessary to proceed to the extremity of revocation
of the company's authority in Massachusetts, whatever steps
may have been decided to be proper in regard to the discrepan-
cies in the statements which had been attested, as all such state-
ments are, " under solemn oath." Discarding items such as are
never included by this department in a company's assets, the
condition of the company from a financial point of view was un-
satisfactory ; and the commissioner, in the exercise of authority
given him, acted as his sense of duty and responsibility to the
public required.
The Traders Fire Insurance Company.
On the 14th of March, 1900, the Traders Fire Insurance
Company of New York withdrew from this Commonwealth,
under compulsion, the alternative being a revocation of its
authority. At the time it was thought that the situation war-
ranted this degree of leniency in place of summary expulsion ;
later, it proved otherwise. It seems desirable that the facts in
this case be reported to your honorable body. The company,
at the time of its admission to this Commonwealth, on April 1,
1898, presented a satisfactory statement of its financial condi-
tion, which statement was verified by a certificate of the New
York insurance department to the effect that an examination of
the company's books and affairs showed it to be correct. The
company presented a strong front of directors, who comprised
twenty-four of New York's prominent men in business and pro-
fessional life, — presidents of banks and banking institutions
and trusts, an ex-cabinet officer, a United States senator, an
ex-United States senator, and the like. The statement cover-
ing the business of the balance of the year 1898, which was
sent to this department early in 1899, aroused no suspicions ;
but that of the year following, although it showed on its face a
surplus of $10,818, had the ear-marks of un worthiness. By
the application of the usual rules of this department in such
cases, an impairment of about $30,000 resulted, and the com-
pany, as before stated, left the Commonwealth about the middle
of March. Its affairs subsequently did not prosper, but some-
how it held itself toaether, bv making a reinsurance deal on
April 27, 1900, until late in the summer, when it was unable
to raise funds to make the payment required by its reinsurance
INSURANCE COMMISSIONER. IX
contract. Then, on August 1, the insurance superintendent
of New York set a force of examiners at work, who made a
report in full on September 21. In that report it was shown
that the statement of Dec. 31, 1899, sworn to by William A.
Halsey, president, and Theodore Sutro, secretary, was grossly
false in every essential particular. The amount of cash in
bank was given in the sworn statement as $4,679.84, which
was in excess of the true balance. The statement gave pre-
miums in course of collection not over three months due as
$123,795.08 ; the true amount was found to be $84,838.18. If
the assets showed the result of an attempt to pump them full
of wind, the liabilities suggested that an hydraulic press had
been at work on them, as losses amounting to $83,340.27 were
compressed to $44,811.62, and an unearned premium liability
of $199,067.53 to $79,122.18. The $20,730.05 of reinsurance
due was somehow squeezed down to $3,770.85. The net result
of it all was that the New York examiner found the company
impaired $198,819.26, or a sum equal to about the entire
capital stock. This department had no suspicion of such
wholesale crookedness, although it could not approve the state-
ment made by the company.
There were those who thought the commissioner rash to
compel such a company, with such a board of directors, to
withdraw, when its sworn statement showed a surplus. Quite
likely there are criticisms of his act by interested parties when-
ever he exercises the authority conferred upon him by law to
debar weak and unworthy companies from the Commonwealth.
It is not always that the justification comes so speedily and
overwhelmingly as in the case of the Traders. Yet it is not
going further than experience and observation warrant to say
that, whenever in a company's statement there are evidences
of an attempt to pad resources or condense liabilities, there is
no danger that the application of reasonable rules of adjustment
will wrong the company. More often its real condition, if on
the down-hill track and resorting to expedients to save itself,
is much worse than any superficial view could suggest. The
danger is not in wronging such companies, but in wronging
the public b} r treating them with greater leniency than they
deserve.
It is interesting to note further in this connection that there
X REPORT OF THE
have been repeated attempts to secure from a grand jury an
indictment of the president and secretary of the company, but
without avail. The reason for the refusal seems to lie in the
fact that the officers of the company had turned the adminis-
tration of its affairs over to a firm of insurance agents, as
general managers under contract, and that the false statement
was one prepared by these general managers and presented to
the president and secretary to sign, which they did without
question, "supposing it to be all right." The case thus re-
solves itself into one of that class where a magnificent list of
names as directors was presented to catch the public eve and
dollars, not one of whom gave the business sufficient attention
to know anything about the condition of the company. The
public supposed, as it had a right to suppose, that the names
printed so conspicuously as directors meant at least an honest
administration of the company's affairs. It did not for a
moment think that such names would be lent simply to tempt
the unwary to put their trust in an institution that in reality
was run without the supervision of directors by a coterie of
unscrupulous adventurers. An attempt was made to induce
the directors to contribute the to them comparatively small
amount necessary to save the company from insolvency and
receiver's hands, but without success. Harry A. Han bury of
South Brooklyn is the receiver.
South Danvers Mutual Fire Insurance Company.
By the failure of the South Danvers National Bank, which
went into the hands of a receiver in October last, by reason of
reckless if not criminal mismanagement, the South Danvers
Mutual Fire Insurance Company is a heavy loser, but as yet it
is impossible to say to what extent. The insurance company
held 110 shares of the stock of the bank, the par value of which
was $11,000; and it has been assessed by the receiver of the
bank for the full amount for which it was liable under the
national bankiug law, namely, $11,000. Besides this loss of
s 2 2,000, the insurance company had deposited in the bank at
the time of its failure $19,383.18, which is now tied up and
may perhaps never be recovered in full. Should it prove a
total loss, however, the company would still have a surplus.
The natural question is, How happened it that the affairs of
INSURANCE COMMISSIONER. XI
these two institutions were so intimately connected that failure
of the one should inflict so great damage upon the other? The
reason is apparent when it is known that the executive officer
of the two institutions was the same person, — Mr. George W.
Foster. As cashier of the bank, he appears to have run it not
strictly in accordance with the best business principles ; and as
secretary of the insurance company, and virtually its treasurer,
he came to look upon it apparently as an adjunct to the bank,
and used it accordingly.
The company was examined by this department in Decem-
ber, 1898, and nothing further than the intimate relations
between the two institutions was found to create suspicion.
As the law does not require examinations of insurance com-
panies to be made oftener than once in three years, the next
examination would not have been due until December of the
present year ; but a feeling of apprehension led to an examina-
tion of the company last September, and it was found that only
a few weeks before choice securities of the insurance company,
amounting to $9,000, had been sold by its secretary, — without
authority, the directors assert, — and the proceeds deposited
in the bank, where already there was upwards of $10,000 of
the company's funds on deposit. It was also found, upon
checking up the accounts, that securities to the amount of
$7,000 were missing. Inquiry revealed that they had been
deposited as collateral for a loan, but not for the insurance
company. When the secretary was confronted with the dis-
crepancy, he acknowledged it, and said that the taking of the
funds was the act of a clerk, in order to obtain funds for the
use of the bank, when he, the secretary, was absent. The sec-
retary, however, promised to have the securities returned at
once, and, as a matter of fact, they were redeemed in a few
days and returned to the box of the insurance company, which
was conveniently located in the vault of the bank, and accessi-
ble to Mr. Foster without the presence of a second party.
The timely appearance of the examiner of this department on
the scene undoubtedly saved this lot of securities for the insur-
ance company.
These facts are given in order to call attention to the oppor-
tunities and temptations which are placed before a person in
Mr. Foster's position, and to question whether a law should
Xll REPORT OF THE
not be enacted which would separate the management of two
financial institutions of this kind, or at least provide for their
concurrent examination, the same as in the case of savings
banks and national banks when under the same management.
Here was a case where securities, many of which were coupon
bonds, were within reach of the cashier of the bank. Though
belonging to another institution, they were in his custody, and
when the affairs of the bank reached such a condition that funds
must be secured, or failure and disgrace follow, it placed the
cashier under tremendous pressure to use the opportunities for
relief that reposed in a little box, the key of which he had. Is
not this a position of temptation which the laws ought not to
permit ? Would it not be far better to have an absolute sepa-
ration for such financial institutions? It might, seemingly,
cost more for such separate management ; but would this be
the case, as a matter of fact, in the long run? Note how it has
been in the case of this insurance company. Its incorporation
dates back to 1828. Its managers gradually laid by a little of
the income, and for the past thirty years the premiums returned
to policy holders have almost equalled the premiums received,
so that the insurance has cost its members practically nothing.
In the ten years beginning with 1870 the premiums received
amounted to $30,488, and premiums returned to $25,848. In
the next decade the figures were $30,472 and $28,769 respec-
tively ; and in the next, $36,000 and $34,026. Practically, a
person holding a five-year policy renewed by simply paying the
fee for a new policy. This fee and the interest upon the assets,
which reached the high-water mark of $69,372 in 1892, paid all
expenses of running the company. Now, this loss of S22,000
absolute and this possible loss of the whole of the deposit of
the company in the bank might much better have been spent
in paying for a separate management of the company, which
would have been subject to no such tempation to use funds for
bolstering up another institution.
Bound to make the Test.
An early plan for carrying on the business of mutual insur-
ance was for each person desiring protection to pay down at
the time of taking his policy a small sum as his share of the
current expenses of the company, and to give his note for a
INSURANCE COMMISSIONER. Xlll
percentage of the amount insured, in lieu of a cash premium.
These notes constituted the total liability of the members.
They were likewise the capital of the company, and whenever
a loss occurred, were assessable each for its proportionate part
for paying the indemnity promised. If no fire brought loss to
the company during the life of a policy there was no assess-
ment, and the total cost to the insured was what he paid
towards the fund for meeting current expenses, which as a
matter of fact were very small. Many mutual companies were
organized in this Commonwealth on this plan, but they have
been gradually closing up, so that now only six remain. In
their place is the modern mutual company, operating on the
basis of receiving cash premiums, and then providing in its
policies and by-laws for a contingent liability on the part of its
members, such liability not to be less than the cash premium
originally paid. This plan made the company just as secure
as its predecessor, and obviated the necessity of asking mem-
bers to sign a note.
It is worthy of consideration that interest in the old method
has been revived to some extent by the fact that the Salisbury
and Amesbury Mutual Fire Insurance Company, incorporated
in 1855 on the deposit note plan, and located at Amesbury,
has now come under the control of the State Grange, and will
be used by that organization in covering risks of its members.
This movement of the farming community to effect its insurance
through a company controlled by its representatives, and devot-
ing itself to the insurance of grange property, will be watched
with much interest. On the one hand, the owners of farm
property believe that they are paying altogether too much for
their insurance ; and, on the other hand, the insurance com-
panies present figures to show that at present rates there is a
loss in covering farm buildings. If this is so, the experience
of the company now undertaking to insure grange property
will show it without great delay ; but if, by keeping down the
expenses, buildings in a rural community may be satisfactorily
insured at less cost than at present, or even at the same cost,
their owners will naturally be pleased with the result, and the
stock and mutual companies which have been carrying such
property at a loss will of course rejoice also, for it is prepos-
terous to suppose that they care to continue to cover a class of
XIV REPORT OF THE
property which affects their accounts unfavorably. Should the
company in this ambitious venture, whether continued on the
present plan or changed to the modern mutual basis, prove
that the cost of insurance by means of it is greater than the
premiums that reliable companies would charge, it will not take
long for the risks to drift back to their old anchorage. The
cost of goods, as a general rule, is a determining factor in guid-
ing the currents of trade. This enterprise ought to prove a
pretty fair test of the question whether farm property can be
insured in a mutual company carrying only farm risks for a
less rate than that fixed by the companies that have been cover-
ing property of that character in connection with protected
risks.
A Proper Reserve.
The department has discovered in only one instance in the
statements presented in this report any attempt to compute the
reserve on a false or mistaken basis. The company in ques-
tion had reinsured a large amount of business of another com-
pany, the original premiums of which amounted to upwards of
$400,000. Instead of charging itself with the same reserve
that this reinsured business would have required had it been
retained by the original company, the reinsurer charged itself
a reserve based on what it received for assuming the risk. The
attention of the company was called to the incorrectness of this
method of computation, and the company at once complied with
the requirements of the department, and charged itself with a
reserve based upon the amount written in the original policies.
The company in question was possessed of a large surplus, so
that there was no reason to suspect that the improper charge
was made to help out a weak statement. It appeared rather to
be an unpremeditated act, not actuated by any improper motive.
The Eeduced-rate or Co-insurance Clause.
The insurance law provides, Statutes of 1894, chapter 522,
that a company may write upon the margin or across the face
of a policy, or write or print, in type not smaller than Long
Primer, upon separate slips or riders to be attached thereto,
provisions adding to or modifying those contained in the stand-
ard form; and all such slips, riders and provisions must be
signed by the officers or agent of the company so using them.
INSURANCE COMMISSIONER. XV
A rider generally known as the reduced-rate or co-insurance
clause is often attached to a policy, and reads somewhat as
follows : —
It is a part of the consideration of this policy and the basis upon
which the rate of premium is fixed that the assured shall maintain
insurance on the property described by this policy to the extent at
least of 80 per cent, of the actual cash value thereof, and that, fail-
ing so to do, the assured shall be an insurer to the extent of such
deficit, and to that extent shall bear his, her or their proportion of
any loss that may happen to said property : provided, however, that
in the adjustment of any loss or damage by fire on stock or merchan-
dise, no inventory for the purpose of ascertaining the application of
the foregoing clause shall be required, unless the amount of damage
is at least 5 per cent, of the amount of insurance on such stock or
merchandise. It is expressly understood and agreed that in case
there shall be more than one item or division in the form of this
policy, this clause shall apply to each and every item or division
separately.
The reason for attaching this clause to the policy may be
clearly shown by an illustration. '* A" and " B" own houses
side by side, of the same value, say $10,000. " A" insures his
for $8,000, for which he pays a premium of $80, and " B" his
for $5,000, for which he pays a premium of $50. A fire occurs,
which damages each house to the extent of $3,000. Under a
former method of treating these two transactions, each would
receive the same amount of insurance, although one had paid
$80 and the other $50.
It is true that i ' B " would have been the greater loser had
the loss been total instead of partial. Were losses always
total, the inequality shown by the above illustration would
not exist, and no remedy would be called for. But the fact
is that a large percentage of losses are partial. As fire depart-
ments become more efficient, fire-retarding construction more
general, and the expense to prevent the spread of fires greater,
the number of partial losses compared with total increases,
and the more inequitable becomes the old method of adjustment.
To remove this inequality the reduced-rate clause was devised.
Its basis is the principle that an owner who insures his property
for three-fourths of its value ought to be accorded a less rate
than is charged one who insures only one-half the value of his
XVI REPORT OF THE
property, since each receives, as has been shown, the same in-
demnity.
In accordance with this principle, insurance companies make
their rates on the assumption that every insurer will choose to
insure his property to the extent of one-half its value only ; but
if he will obligate himself to carry an amount equal to, say,
80 per cent, of the value of his property, under the provisions
of the reduced-rate clause, a large reduction in rate is made.
No person is compelled to carry the per cent, named in the
reduced-rate clause, or any other particular amount ; but under
the provisions of that clause, and after availing himself of the
reduced rate, if the assured does not carry such per cent, of
the value of the property at the time of the loss, he must be
considered a co-insurer, and bear a part of the loss himself.
Adjustments under the co-insurance clause in cases of loss
are generally simple. The only case in which the clause in
question applies is when both the amount of insurance carried
and the loss incurred are less than the guaranteed per cent, of
the value of the insured property at the time of the fire. For
instance, if the 80 per cent, clause was attached to a policy on
property valued at $50,000, and only $30,000 of insurance was
carried, in case of a loss of $20,000, the assured, having only
three-fourths of the insurance guaranteed, is deemed to be a
co-insurer for the other one-fourth ; consequently, the amount
he would receive would be three-fourths of $20,000, or $15,000.
Had $40,000 been carried, or 80 per cent, of the value, no
matter how small the loss, it would be borne in full by the
insurer. The clause therefore has no effect on the settlement
of a loss when the amount of insurance carried is equal to or
greater than the percentage guaranteed in the clause, nor has
it any effect when the loss compared with the value reaches a
percentage equal to or greater than that which the guaranteed
insurance bears to the value of the property. From this latter
statement it must be manifest that in case of total loss the
clause does not apply.
Examinations.
The law provides that domestic insurance companies shall be
examined at least once in three years. In obeying its injunc-
tion, the examiner of this department has during the past year
INSURANCE COMMISSIONER.
XV11
visited the offices and made an investigation of the books of
records and accounts of the lire insurance companies named in
the following table, which gives also the time of the previous
examination : —
NAME OF COMPANY.
When
previously ex-
amined.
Atlas Mutual Insurance Company,
South Danvers Mutual Fire Insurance Company,
Whiting Mutual Insurance Company, chartered,
Citizens' Mutual Insurance Company,
Cotton and Woolen Manufacturers' Mutual Insurance Company,
Rubber Manufacturers* Mutual Insurance Company,
Lumber Mutual Fire Insurance Company
West Newbury Mutual Fire Insurance Company,
Annisquam Mutual Fire Insurance Company, ....
Mutual Protection Fire Insurance Company, ....
Boston Manufacturers' Mutual Fire Insurance Company,
Arkwright Mutual Fire Insurance Company
January, 1898.
December, 1898.
Nov. 9, 1898.
October, 1897.
October, 1897.
October, 1897.
October, 1898.
October, 1898.
October, 1898.
November, 1897.
October, 1897.
October, 1897.
The department examined also, early in the year, the Po-
tomac Fire Insurance Company of Washington, D. C. This
company applied for admission to do business in Massachusetts,
and, as there was no insurance department in that district to
verify the financial statement submitted, it became incumbent
upon the Massachusetts department to make an investigation
of its financial status. The rule generally followed by this
department, when companies of other States apply for admis-
sion, is to ask for a certified verification of the financial state-
ment by the insurance department of the home State of the
company. Such verifications are given faith and credence as
far as soundness in the home State is concerned, thereby recog-
nizing the comity which should exist between the insurance
departments of the various States. This does not mean, of
course, that a statement so received is always accepted as
received. If, for instance, under the laws and usages of the
home State, assets are included which, under our laws, should
be disallowed, the statement is revised accordingly, and this
without in the least discrediting or casting reflections upon the
examination by the department of the home State. So, too,
XV111 REPORT OF THE
are accepted examinations of duly admitted outside companies
by insurance departments of their own States, instead of mak-
ing such examinations from time to time by this department ;
revising them, however, by applying, for example, the pro-
visions of our law relating to special deposits and reinsurance
in unauthorized companies, and the like. Experience teaches
that there is seldom any need to exercise the authority con-
ferred by our law of making an examination of a company of
a State which has a well-organized insurance department. It
answers every purpose of safety to have the examination made
by the home department, and its report revised to conform to
Massachusetts requirements.
The Erie Fire Insurance Company.
As the annual statement of the Erie was unsatisfactory, and
as correspondence with the New York insurance department
elicited the fact that it was engaged in an examination of the
company, it was thought best not to make use in this report of
the figures in possession of this department, but to await the
report of the examination, and then give its findings to the
public in some appropriate way.
Keports of Receivers of Insolvent Mutual Fire Com-
panies.
Commonwealth Mutual Fire, — William B. Stevens, receiver,
209 Washington Street, Boston; appointed May 28, 1895.
Cash in hands of receiver Dec. 31, 1899, $21,980.89 ; receipts
during the calendar year were $9,523.06, of which $8,146.39
came from assessments upon policy holders. The disburse-
ments amounted to $27,882.74, of which $20,723.32 was for
claims on account of fire losses. There is a balance of S3, 621.21
in the hands of the receiver, with no outstanding liabilities.
Eastern Mutual Fire. — Fred H. Kidder, receiver, 82 Devon-
shire Street, Boston; appointed Feb. 2, 1897. The receiver
had on hand Dec. 31, 1899, $405.19, and collected during the
succeeding calendar year $375; his disbursements were $300,
leaving the balance on hand Dec. 31, 1900, $480.19. The total
outstanding liabilities are $12,008.75.
Fagle Mutual Fire. — R. D. Weston-Smith, receiver, 53
State Street, Boston; appointed May 14, 1897. The receiver
INSURANCE COMMISSIONER. XIX
began the year 1900 with a balance of $226.43 ; collected
$35.02, making a total of $261.45, all of which has been dis-
bursed. By decree of the supreme court, issued in May, 1900,
the affairs of the company were declared closed.
Melrose Mutual Fire. — Alpheus Sanford, Mason building,
Boston, appointed receiver Nov. 26, 1895. The last statement
of the receiver showed a cash balance of $1,372.41, with liabil-
ities of $4,756.55. No statement yet received for Dec. 31,
1900.
Suffolk Mutual Fire. — James C. Davis, receiver, 65 Mason
building, Boston ; appointed March 22, 1895. Eeceiver began
the year 1900 with funds amounting to $120.70 ; returned pre-
miums were paid amounting to $47.27, leaving in the hands of
the receiver at the close of the year $73.43.
Firemen's Fire Insurance Company.
The International Trust Company of Boston was appointed
receiver of the Firemen's Fire of Boston on July 6, 1900, on
which date it came into possession, as receiver, of funds amount-
ing to $401,610.73. The receipts for the balance of the year
were $15.42, for interest on bank balances, and the disburse-
ments $300, for counsel fees, leaving a balance of $401,326.15
on hand on December 31.
Receipts of the Department Largest in its History.
The receipts of the insurance department for the year 1900
were $83,845.47, and the total expenditures on its account,
covering salaries, printing and all out-goes of every name,
$41,104.34. The net profit accruing to the Commonwealth was
$42,741.13. This increase is the result not of any change in
the law to secure greater revenue, but rather of the growing
magnitude of the insurance business, its growth increasing at
a much faster pace than the appropriations required by the
department to enable it to do the work imposed upon it by
law.
Respectfully submitted,
FRED'K L. CUTTING,
Insurance Commissioner.
COMPAKATIVE TABLES.
Comparative Table A. — Massachusetts Mutual Fire Insurance
Companies.
1899.*
1909.*
Increase or
Decrease in 1900
Assets (including contingent),
$35,739,225
$37,892,734
$2,153,509
Liabilities,
5,334,828
5,560,649
225,821
Cash surplus, .
5,931,533
6,078,221
146,688
Income,
5,724,413
6,150,865
426,452
Expenditures, .
5,578,716
5,843,328
264,612
Risks written, .
578,801,981
629,380,446
50,578,465
Net premiums received, .
5,242,981
5,654,423
411,442
Risks outstanding,
896,764,638
946,323,400
49,558,762
Losses paid, .
1,136,836
1,131,494
—5,342
Losses incurred,
1,093,082
1,119,595
26,513
Assessments collected,
19,144
6,140
—13,004
Profits returned,
3,579,707
3,774,013
195,306
Expenses,
833,797
879,607
45,810
• Forty-five companies.
Comparative Table B. — Massachusetts Mutual Fire- Marine
Insurance Companies.
1899.*
1900.*
Increase or
Decrease in 1900.
Assets,
$464,981
$507,289
$42,308
Liabilities,
242,519
233,823
—8,696
Surplus,
222,462
273,466
51,004
Income,
323,933
459,083
135,150
Expenditures, .
407,790
385,644
—22,146
Risks written, .
31,994,882
40,251,098
8,256,216
Net premiums received, .
317,179
404,689
87,510
Losses paid, .
308,972
302,875
—6,097
Losses incurred,
300,585
208,726
—91,859
Risks outstanding,
10,793,684
14,535,751
3,742,067
Expenses, ,
74,890
81,323
6,433
Scrip dividends declared, .
-
-
-
Scrip redeemed,
-
-
-
Scrip outstanding,
656,561
656,561
-
* Two companies.
XXIV
REPORT OF THE
Comparative Table C. — Massachusetts Joint-Stock Insurance
Companies.
1899.*
1900.*
Increase or
Decrease in 1900.
Cash capital, ....
$3,400,000
$3,400,000
-
Assets,
9,535,891
10,086,004
$550,113
Liabilities, ....
2,986,704
3,238,640
251,936
Surplus, ....
6,549,187
6,847,364
298,177
Income,
3,807,117
4,335,054
527,937
Expenditures,
3,985,875
4,065,237
79,362
Fire risks written, .
352,272,427
393,327,892
41,055,465
Fire premiums received (net) ,
2,678,662
3,096,188
417,536
Marine risks written, .
161,106,082
163,376,424
2,270,342
Marine premiums rec'd (net) ,
758,023
877,654
119,631
Fire losses paid,
1,641,271
1,892,827
251,556
Marine losses paid,
709,069
379,047
—330,022
Fire losses incurred,
1,769,097
1,988,761
219,664
Marine losses incurred,
801,272
461,716
—339,556
Fire risks outstanding, .
425,893,915
465,225,636
39,331,721
Marine risks outstanding,
5,859,689
6,208,071
348,382
Expenses, ....
1,314,401
1,488,520
174,119
Cash dividends declared,
304,000
263,000
—41,000
* Five companies.
INSURANCE COMMISSIONER.
XXV
Comparative Table D. — Fire and Marine Insurance Companies of
Other States.
1899.*
1900.f
Increase or
Decrease in 1900.
Cash capital, ....
$50,002,875
$49,102,875
—$900,000
Assets,
221,158,964
230,771,689
9,612,725
Liabilities, ....
96,162,411
101,917,870
5,755,459
Surplus,
124,996,553
128,853,819
3,857,266
Income,
98,319,440
108,445,275
10,125,835
Expenditures,
101,720,030
105,985,295
4,265,265
Fire risks written,
11,059,679,214
12,182,519,749
1,122,840,535
Fire premiums received (net),
81,237,258
91,758,238
10,520,980
Marine risks written, .
1,947,423,601
1,981,774,948
34,351,347
Marine premiums rec'd (net),
7,231,379
7,355,927
124,548
Fire losses paid, .
52,450,999
54,526,500
2,075,501
Marine losses paid,
6,549,427
4,094,600
—2,454,827
Fire losses incurred,
53,720,548
54,601,678
881,130
Marine losses incurred,
5,766,698
5,447,074
—319,624
Fire risks outstanding, .
13,964,453,794
15,180,765,417
1,216,311,623
Marine risks outstanding,
191,231,171
216,846,120
25,614,949
Expenses, ....
34,565,273
36,857,621
2,292,348
Cash dividends declared,
6,173,912
5,521,746
—652,166
* One hundred and eleven companies,
f One hundred and seventeen companies.
XXVI
REPORT OF THE
Comparative Table E. — United States Branches of Foreign
Companies.
1899.*
1900.t
Increase or
Decrease in 1900.
Deposit capital,
$9,900,000
$10,100,000
$200,000
Assets in United States,
70,491,078
71,026,504
535,426
Liabilities in United States, .
42,459,712
43,225,538
765,826
Surplus,
28,031,366
27,800,966
—230,400
Income,
51,172,068
54,285,354
3,113,286
Expenditures,
50,725,672
51,627,328
901,656
Fire risks written, .
6,255,729,842
6,777,826,433
522,096,591
Fire premiums received (net),
44,905,713
47,481,575
2,575,862
Marine risks written, .
2,168,069,202
2,089,243,992
—78,825,210
Marine premiums recM (net) ,
3,657,638
4,398,109
740,471
Fire losses paid, .
31,082,031
31,145,912
63,881
Marine losses paid,
2,139,763
2,010,683
—129,080
Fire losses incurred,
31,473,193
31,074,738
—398,455
Marine losses incurred, .
2,213,665
2,192,359
—21,306
Fire risks outstanding, .
7,081,449,078
7,266,673,657
185,224,579
Marine risks outstanding,
57,462,816
107,655,245
50,192,429
Expenses, ....
17,503,856
18,457,713
953,857
* Forty-six companies.
t Forty-seven companies.
INSURANCE COMMISSIONER.
XXV11
Aggregates of All the Companies,
1899.
1900.
Increase or
Decrease in 1900.
Cash capital, .
Assets (including contingent
of mutual companies).
Liabilities,
Surplus, ....
Income, ....
Expenditures,
Fire risks written,
Fire premiums received (net)
Marine risks written, .
Marine premiums rec'd (net)
Fire losses paid, .
Marine losses paid,
Fire losses incurred,
Marine losses incurred,
Fire risks outstanding, .
Marine risks outstanding,
Expenses,
Cash dividends declared,
$63,302,875
337,390,139
147,186,174
165,731,101
159,346,971
162,418,083
18,251,894,733
134,113,002
4,303,182,498
11,915,821
86,362,245
9,656,124
88,103,266
9,034,874
22,373,523,056
260,385,729
54,292,217
6,477,912
$62,602,875
350,284,220
154,176,520
152,929,942
173,675,631
167,906,832
19,989,698,570
148,043,007
4,268,502,412
13,032,931
88,730,129
6,753,809
88,820,641
8,274,006
23,864,866,363
339,366,934
57,764,784
5,784,746
—$700,000
12,894,081
6,990,346
—12,801,159
14,328,660
5,488,749
1,737,803,837
13,930,005
-34,680,086
1,117,110
2,367,884
—2,902,315
717,375
—760,868
1,491,343,307
78,981,205
3,472,567
—693,166
xxviii EEPORT OF THE insurance commissioner.
Comparative Table F. — Massachusetts Business.*
Increase or
1899.
1900.
Decrease in 1900.
Fire risks written, .
$1,188,040,192
$1,273,859,676
$85,819,484
Fire premiums received,
11,457,578
12,319,785
862,207
Fire losses paid, .
5,511,002
4,881,324
—629,678
Fire losses incurred,
5,715,845
4,951,240
—764,605
Marine risks written,
521,329,359
458,729,473
—62,599,886
Marine premiums received, .
1,738,658
1,964,000
225,342
Marine losses paid,
1,605,986
1,007,916
-598,070
Marine losses incurred,
1,416,778
837,924
—578,854
* For details of this business see Table XIII.
Table G. — Fire Bisks ivritten, Premiums received and Losses in-
curred in Massachusetts.
Premiums
YEAR.
Fire Risks Written.
Received.
Losses Incurred.
1877,
1585,928,271
$5,998,124
$2,572,185
1878,
558,019,711
5,506,392
2,438,121
1879,
520,814,369
5,026,482
2,500,451
1880,
609,132,542
5,479,552
3,005,273
1881,
642,542,633
5,845,354
2,884,047
1882,
686,030,272
6,244,053
4,915,949
1883,
710,197,514
6,896,367
3,763,949
1884,
655,613,160
7,067,149
3,865,956
1885,
661,380,951
7,402,583
3,132,235
1886,
694,473,662
7,838,425
3,369,294
1887,
765,304,046
8,371,714
3,136,774
1888,
832,038,483
8,702,006
4,444,322
1889,
825,962,689
8,601,963
9,284,464
1890,
871,117,341
9,039,865
3,798,502
1891,
863,343,089
8,719,803
5,104,694
1892,
960,872,674
10,006,986
4,140,396
1893,
1,030,196,564
10,727,167
8,329,015
1894,
986,624,142
10,518,365
5,182,490
1895,
1,020,680,686
11,032,012
4,029,954
1896,
1,063,078,568
11,248,934
4,801,014
1897,
1,161,264,907
11,999,382
3,785,399
1898,
1,147,230,625
11,371,974
5,664,369
1899, .
1,188,040,192
11,457,578
5,715,845
1900, .
1,273,859,676
12,319,785
4,951,240
Tota
Is,
•
$20,313,746,767
$207,422,015
$104,815,938
STATISTICAL TABLES.
XXX
REPORT OF THE
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REPORT OF THE
Table VI. — Massachusetts Joint-Stock Insurance Companies.
Fire Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of
Loss to Pre-
miums Re-
ceived.
American, ....
Boston
Mercantile Fire and Marine,
North American,
Springfield Fire and Marine,
Totals
$28,844,803
77,636,469
26,740,609
23,156,402
236,949,609
$393,327,892
$211,996
641,693
158,786
141,393
1,942,320
$131,184
378,683
114,255
125,998
1,142,707
$3,096,188
$1,892,827
61.89
59.02
71.98
89.11
58.86
61.14
Marine Business.
Boston
Mercantile Fire and Marine, .
Totals,
$163,376,724
$163,376,724
$876,743
911
$379,047
S77.654 ! $379,047
43.23
43.18
Table VII. — Massachusetts Joint-Stock Insurance Companies.
NAME OF COMPANY.
Gross Cash
Income.
Gross
Cash Ex-
penditures.
Expenses.*
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
American,
Boston, ....
Mercantile Fire and
Marine.
North American,
Springfield Fire and
Marine.
$233,611
1,634,940
182,100
154,982
2,129,421
$251,456
1,340,192
204,378
204,748
2,064,463
$94,262
467,000
90,124
65,378
771,756
44.46
30.76
56.43
46.24
39.74
$9,000
100,000
4,000
150,000
Totals,
$4,335054
$4,065,237
$1,488,520
37.47
$263,000
* Excluding losses, dividends, return premiums and drawbacks and premiums on reinsurance.
INSURANCE COMMISSIONER.
XXXV11
Table VIII. — Insurance Companies of Other States.
NAME OF COMPANY.
Cash
Capital.
Amount at
Risk
Dec. 31, 1900.*
Gross
Assets.
Gross
Liabilities.
Surplus as
regards
Poliey Hold-
ers Dec. 31,
1900.
iEtna,
$4,000,000
$563,323,229
$13,061,261
$3,856,489
$9,204,772
Agricultural,
500,000
208,930,300
2,183,348
1,056,267
1,127,081
Albany, ....
250,000
15,920,049
490,401
84,685
405,716
American (Newark), .
600,000
260,598,957
3,673,483
1,473,707
2,199,776
American Central,
600,000
130,895,559
1,952,107
784,945
1,167,162
American Fire (New York),
400,000
149,664,207
1,324,499
708,127
616,372
American (Pbila.),
500,000
210,596,009
2,443,064
1,747,881
695,183
American Lloyds,
-
22,924,093
621,534
115,692
505,842
American Mutual,
-
19,870,397
241,523
83,906
157,617
Assurance Co. of America,
200,000
25,674,563
520,989
191,338
329,651
Atlantic Mutual, .
-
155,753,015
10,514,740
2,517,629f
7,997,111
Blackstone Mutual, .
-
45,675,549
490,730
185,672
305,058
British American,
200,000
7,934,226
287,954
51,020
236,934
Buffalo Commercial, .
200,000
17,867,131
348,862
113,422 ■
235,440
Buffalo German,
200,000
67,915,407
2,027,932
381,673
1,646,259
Caledonian American,
200,000
15,449,937
372,546
99,940
272,606
Camden Fire,
200,000
16,164,024
512,537
116,534
396,003
Capital Fire,
200,000
27,420,290
426,323
197,188
229,135
Citizens' (New York),
300,000
75,311,548
798,483
401,321
397,162
Citizens' (St. Louis), .
200,000
13,115,157
454,334
123,542
330,792
Colonial Assurance, .
200,000
24,303,880
540,026
281,948
258,078
Commerce, ....
200,000
16,792,992
409,718
105,645
304,073
Commercial Union,
200,000
15,603,719
343,418
120,264
223,154
Commonwealth, .
500,000
27,820,665
947,148
159,513t
787,635
Concordia
200,000
97,512,509
956,861
597,196
359,665
Connecticut Fire,
1,000,000
296,852,707
4,017,060
2,073,953
1,943,107
Continental,
1,000,000
881,108,971
10,518,271
5,059,611
5,468,660
Delaware, ....
702,875
111,092,004
1,510,500
760,167
750,333
Detroit Fire and Marine, .
500,000
29,229,130
1,355,638
210,317
1,145,321
Dutchess, ....
200,000
45,776,008
562,643
265,187
297,456
* Including perpetual fire risks. t Not including scrip outstanding, $6,287,910.
t Including scrip outstanding, $12,064.
XXXV111
REPORT OF THE
Table VIII. — Insurance Companies of Other States — Continued.
NAME OF COMPAN5T.
Cash
Capital.
Amount at
Risk
Dec. 31, 1900.*
Gross
Assets.
Gross
Liabilities.
Surplus as
regards
Policy Hold-
ers Dec. 31,
1900.
Empire City,
$200,000
$15,589,019
$323,246
$102,017
$221,229
Enterprise Mutual,
-
19,893,778
228,273
83,957
144,316
Equitable Fire and Marine,
400,000
56,781,656
918,503
393,711
524,792
Farmers' Fire, .
-
62,829,006
752,329
429,298
323,031
Fire Association,
500,000
472,879,943
6,182,155
4,847,211
1,334,944
Fire Ins. Co., Co. of Phila.,
400,000
34,154,221
931,570
396,300
535,270
Fireman's Fund, .
1,000,000
221,780,821
3,876,926
1,734,359
2,142,567
Firemen's (Baltimore),
900,000
85,712,310
1,473,584
431,733
1,041,851
Firemen's (Newark), .
1,000,000
89,664,733
2,633,641
486,513
2,147,128
Firemen's Mutual,
-
77,596,409
926,342
311,535
614,807
Franklin Fire, .
400,000
140,505,704
3,083,799
1,589,513
1,494,286
German (Freeport), .
200,000
295,307,374
3,703,930
2,236,610
1,467,320
German Alliance,
400,000
51,893,721
936,036
260,991
675,045
German American, .
1,000,000
651,386,914
8,537,681
3,328,390
5,209,291
German Fire (Pittsburgh),
200,000
35,508,887
511,481
245,468
266,013
Germania Fire, .
1,000,000
386,839,242
4,884,137
1,658,730
3,225,407
Girard Fire and Marine, .
300,000
115,902,213
1,984,944
1,106,480
878,464
Glens Falls, ....
200,000
176,380,762
3,344,899
998,112
2,346,787
Granite State,
200,000
35,290,998
564,027
268,150
295,877
Greenwich
200,000
283,495,942
1,869,125
1,529,665
339,460
Hanover Fire,
1,000, 00
253,597,942
3,089,577
1,649,325
1,440,252
Hartford Fire,
1,250,000
973,516,727
10,910,278
6,250,039
4,660,239
Home
3,000,000
931,058,519
13,881,832
5,382,811
8,499,021
Home Mutual,
300,000
54,004,504
986,615
399,199
587,416
Hope Mutual,
-
29,818,243
256,365
138,656
117,709
Indemnity Fire, .
200,000
14,425,465
379,651
110,653
268,998
Ins. Co. of No. America, .
3,000,000
682,070,563
9,292,062
4,901,947
4,390,115
International,
200,000
15,071,0S2
351,009
64,118
286,891
King's County Fire, .
200,000
13,973,936
371,086
77,470
293,616
Lafayette Fire, .
200,000
22,656,796
394,974
169,134
225,840
* Including perpetual fire risks.
INSURANCE COMMISSIONER.
XXXIX
Table VIII. — Insurance Companies of Other States — Continued.
NAME OF COMPANY.
Cash
Capital.
Amount at
Risk
Dec. 31, 1900*
Gross
Assets.
Gross
Liabilities.
Surplus as
regards
Policy Hold-
ers Dec. 31,
1900.
Liverpool & Lond. & Globe,
$200,000
$8,668,015
$343,731
$72,329
$271,402
Lumbermen's, .
250,000
33,370,659
1,216,307
417,297
799,010
Magdeburg Fire,
200,000
9,465,273
291,642
50,569
241,073
Manufacturers' Mutual,
-
34,095,159
395,678
136,183
259,495
Mechanics'
250,000
40,117,708
921,339
473,344
447,995
Mechanics' Mutual, .
-
22,153,938
212,567
88,588
123,979
Mechanics' and Traders', .
300,000
16,808,585
488,416
144,182
344,234
Merchants' (Newark),
400,000
133,849,091
1,333,206
802,164
531,042
Merchants' Mutual, .
-
21,213,728
246,559
87,744
158,815
Michigan Fire and Marine,
400,000
38,691,853
821,713
253,764
567,949
Middlesex Mutual,
-
40,359,254
806,671
164,481
642,190
Millers' and Manufacturers',
-
9,463,800
225,873
128,269
97,604
Millers' National,
200,000
22,459,742
761,155
288,402
472,753
Milwaukee Fire, .
200,000
16,424,720
436,548
136,697
299,851
Milwaukee Mechanics',
200,000
135,892,740
2,509,014
966,133
1,542,881
Nassau, ....
200,000
18,940,214
568,474
122,155
446,319
National
1,000,000
401,467,507
4,842,442
2,401,086
2,441,356
National Standard,
200,000
25,484,771
547,920
193,628
354,292
Newark Fire,
250,000
26,848,525
690,037
130,772
559,265
New Hampshire Fire, .
1,000,000
197,697,818
3,414,920
1,411,665
2,003,255
New York Fire, .
200,000
22,814,698
432,274
196,414
236,860
Niagara Fire,
500,000
279,237,285
2,780,640
1,586,068
1,194,572
North British & Mercantile,
200,000
5,369,252
338,160
25,170
312,990
Northern Insurance, .
250,000
19,810,668
537,050
169,147
367,903
North German Fire, .
200,000
9,222,781
302,071
75,162
226,909
North River,
350,000
55,259,671
849,416
309,311
540,105
Northwestern National,
600,000
249,507,065
2,955,139
1,354,558
1,600,581
Orient,
500,000
168,265,407
2,278,289
1,172,367
1,105,922
Pacific Fire,
200,000
66,848,454
769,062
463,309
305,753
Pelican Assurance,
200,000
14,940,142
387,315
104,066
283,249
Including perpetual fire risks.
xl
REPORT OF THE
Table VIII. — Insurance Companies of Other States — Concluded.
NAME OF COMPANY.
Cash
Capital.
Amount at
Risk
Dec. 31, 1900.*
Gross
Assets.
Groes
Liabilities.
Surplus as
regards
Policy Hold-
ers Dec. 31,
1900.
Pennsylvania Fire,
$400,000
$380,775,797
$5,264,622
$2,756,744
$2,507,878-
Phenix (New York), .
1,000,000
544,132,400
5,714,705
3,440,112
2,274,593
Phoenix (Hartford), .
2,000,000
394,984,037
5,365,164
2,299,398
3,065,766
Potomac
200,000
22,550,682
514,576
126,672
387,904
Providence Mutual, .
-
25,751,402
457,193
142,283
314,910
Providence "Washington, .
500,000
171,035,357
2,169,547
1,230,077
939,470
Queen
500,000
303,474,315
4,341,766
1,615,752
2,726,014
Reading Fire,
250,000
63,379,073
908,575
389,014
519,561
Reliance, ....
300,000
58,338,375
1,015,407
491,908
523,499
Rhode Island Mutual,
-
47,449,515
554,783
189,790
364,993
Rochester German, .
200,000
71,879,173
1,194,010
428,530
765,480
Security
300,000
80,273,836
1,016,646
556,355
460,291
Spring Garden, .
400,000
88,963,413
1,357,992
858,262
499,730
State Mutual Fire,
-
81,064,983
856,374
331,780
524,594
St. Paul Fire and Marine, .
500,000
169,044,029
2,536,587
1,398,272
1,138,315
Teutonia, ....
250,000
33,187,393
721,211
292,698
428,513
Traders', ....
500,000
116,071,607
2,402,397
918,515
1,483,882
Union
200,000
40,973,333
543,999
289,739
254,260
United Fire,
250,000
28,832,437
546,420
181,527
364,893
United Firemen's,
300,000
85,197,070
1,538,363
1,045,308
493,055
United States Fire, .
250,000
48,695,195
667,505
355,527
311,978
United States Lloyds,
-
9,252,492
854,944
602,533
252,411
Victoria Fire,
200,000
8,502,195
255,809
50,842
204,967
Westchester Fire,
300,000
279,236,832
2,920,015
1,461,421
1,458,594
Western
300,000
26,144,570
502,931
180,382
322,549
What Cheer Mutual, .
-
35,756,424
317,127
162,260
154,867
Williamsburgh City, .
250,000
141,183,417
2,041,383
690,270
1,351,113
Totals
$49,102,875
$15,397,611,537
$230,771,689
,$ 101,917,870
$128,853,819
* Including perpetual fire risks.
INSURANCE COMMISSIONER.
Xli
Table IX. — Insurance Companies of Other States.
Fire Business.
NAME OP COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
JEtna
$453,497,043
$4,016,482
$2,437,765
60.71
Agricultural, ....
159,364,200
914,039
567,443
62.08
Albany,
12,900,986
91,410
57,607
63.02
American (Newark),
144,690,543
1,018,336
596,751
58.62
American Central, .
97,121,715
867,876
503,403
58.00
American Fire (New York),
180,163,849
941,688
694,234
73.72
American Fire (Philadelphia),
198,369,667
1,303,208
987,738
75.80
American Lloyds, .
28,016,130
196,105
49,825
25.41
American Mutual, .
21,274,494
162,672
14,084
8.64
Assurance Co. of America, .
37,848,294
225,288
183,813
81.58
Blackstone Mutual,
48,383,398
360,658
31,141
8.63
British American, .
24,122,433
132,345
117,830
89.04
Buffalo Commercial, .
17,005,146
141,981
101,815
71.76
Buffalo German, . .
48,370,774
376,597
237,434
63.04
Caledonian American, .
17,499,515
105,835
82,804
78.26
Camden Fire, ....
12,773,184
95,630
48,517
50.74
Capital Fire, ....
29,179,147
218,923
156,233
71.36
Citizens' (New York), .
107,348,282
683,431
458,693
67.12
Citizens' (St. Louis),
58,805,098
137,426
96,248
70.05
Colonial Assurance, . .
28,813,575
186,668
334,403
179.10
Commerce
13,705,565
124,779
71,349
57.17
Commercial Union,
27,350,365
115,287
87,145
75.59
Commonwealth
35,015,690
228,134
157,195
68.93
Concordia
86,075,501
660,554
364,170
55.13
Connecticut Fire, ....
206,600,395
2,055,639
1,152,042
56.03
Continental,
600,640,582
4,294,531
2,220,299
51.69
Delaware,
94,592,824
692,030
474,555
68.58
Detroit Fire and Marine,
25,537,316
193,884
106,107
54.72
Dutchess, .....
29,776,287
247,753
178,964
72.24
Empire City,
18,878,715
168,345
107,485
63.88
Enterprise Mutual,
21,323,156
162,898
14,084
8.64
xlii
REPORT OF THE
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Continued.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Equitable Fire and Marine, .
Farmers' Fire, ....
Fire Association, ....
Fire Insurance Co., County of Phila.,
Fireman's Fund, .
Firemen's (Baltimore),
Firemen's (Newark),
Firemen's Mutual, .
Franklin Fire, .
German (Freeport),
German Alliance, .
German American,
German Fire (Pittsburgh),
Germania Fire,
Girard Fire and Marine,
Glens Falls, .
Granite State, .
Greenwich,
Hanover Fire, .
Hartford Fire,
Home,
Home Mutual,
Hope Mutual, .
Indemnity Fire,
Insurance Co. of North America,
International,
King's County Fire,
Lafayette Fire, ....
Liverpool and London and Globe,
Lumbermen's,
Magdeburg Fire, .
Manufacturers' Mutual,
$49,689,746
39,582,795
304,327,744
27,092,756
192,755,941
93,336,062
57,255,978
82,752,975
55,094,531
177,681,378
41,897,984
529,306,767
29,439,089
216,550,840
51,773,827
97,089,269
32,565,242
211,775,301
228,988,190
777,262,712
804,810,239
45,830,616
32,314,091
19,636,913
558,082,870
17,261,579
17,253,880
29,788,455
14,732,607
21,261,356
10,834,896
36,019,159
$462,607
410,173
2,912,668
197,709
1,597,493
499,832
467,275
613,297
505,492
1,781,482
276,124
2,995,188
242,111
1,195,581
391,731
838,093
290,224
1,286,808
1,720,597
6,733,157
4,591,078
426,219
263,176
130,971
4,099,634
73,679
102,156
230,012
63,413
164,329
66,868
264,877
$279,686
296,293
1,843,580
148,778
988,952
336,787
249,024
46,237
318,172
895,818
200,054
1,712,457
182,836
651,153
252,681
452,074
198,401
739,250
1,111,813
4,197,414
2,538,137
234,900
39,944
67,012
2,754,102
48,830
61,613
176,779
30,991
108,239
47,641
18,605
60.46
72.23
63.30
75.27
61.99
67.19
53.28
7.54
62.95
50.30
72.47
57.16
75.51
54.45
64.52
54.40
68.37
57.44
64.61
62.33
55.28
55.12
15.17
51.15
67.17
66.27
60.28
76.87
48.87
65.06
71.24
7.03
INSURANCE COMMISSIONER.
xliii
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Continued.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Mechanics'
$28,899,606
$235,672
$174,224
73.91
Mechanics' Mutual, .
23,479,151
172,217
15,176
8.82
Mechanics' and Traders',
23,622,715
171,056
111,513
59.32
Merchants' (Newark), .
118,615,366
823,841
674,708
81.90
Merchants' Mutual,
22,537,165
169,709
17,244
10.16
Michigan Fire and Marine, .
33,206,768
283,122
166,194
58.71
Middlesex Mutual, .
12,608,640
86,719
61,036
70.39
Millers' and Manufacturers',
11,210,022
174,613
148,040
84.77
Millers' National, ....
13,343,623
339,420
264,620
77.96
Milwaukee Fire,
18,606,766
177,069
97,654
55.14
Milwaukee Mechanics',
96,037,125
900,263
530,933
58.97
Nassau,
15,602,862
77,342
84,599
109.40
National, . . .
380,426,541
2,735,587
1,524,885
55.74
National Standard,
38,655,272
238,880
180,903
75.72
Newark Fire
19,812,666
127,282
78,301
61.51
New Hampshire Fire, .
151,157,717
1,304,126
828,894
63.57
New York Fire, ....
25,909,855
168,298
113,974
67.74
Niagara Fire,
226,161,265
1,653,822
1,025,084
61.97
North British and Mercantile,
10,519,606
23,415
1,160
4.95
Northern Insurance,
29,087,007
74,675
112,487
150.60
North German Fire,
12,961,552
105,390
43,383
41.16
North River
53,559,517
347,281
202,875
58.42
Northwestern National,
136,092,243
1,013,866
454,050
44.78
Orient,
188,790,718
1,265,773
918,156
72.53
Pacific Fire
61,847,417
400,631
302,779
74.90
Pelican Assurance,
20,889,907
133,653
65,633
49.09
Pennsylvania Fire,
232,425,355
1,918,995
1,251,010
65.19
Phenix (New York),
377,614,524
3,413,184
1,935,886
56.72
Phoenix (Hartford),
337,521,235
2,770,567
1,729,460
62.40
Potomac,
24,355,472
120,205
40,022
33.30
Providence Mutual,
6,985,523
70,637
25,269
35.77
Providence Washington,
166,631,439
1,055,380
732,298
69.41
xliv
REPORT OF THE
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Concluded.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Queen,
Reading Fire, .
Reliance, .
Rhode Island Mutual,
Rochester German,
Security
Spring Garden,
State Mutual Fire, .
St. Paul Fire and Marine,
Teutonia,
Traders', .
Union,
United Fire, .
United Firemen's,
United States Fire,
Victoria Fire, .
Westchester Fire, .
Western, .
What Cheer Mutual,
Williamsburgh City,
Totals,
$247,826,193
60,051,254
42,735,926
49,730,350
61,582,945
71,327,483
75,052,689
86,259,188
122,689,749
40,501,250
116,075,063
33,574,655
29,736,963
35,889,967
43,864,763
11,551,738
197,897,634
22,473,399
38,651,949
86,782,294
$12,182,519,749
$1,952,700
436,896
325,040
368,984
466,307
518,485
575,211
647,621
1,497,724
444,722
1,088,617
278,602
185,433
301,102
318,112
89,820
1,526,003
191,723
312,463
665,497
$91,758,238
$1,263,649
245,481
196,414
23,409
238,373
340,396
256,607
45,621
884,425
280,655
658,336
196,658
112,160
212,799
167,824
79,460
887,452
187,413
48,600
369,889
64.72
56.19
60.43
6.34
51.13
65.65
44.61
7.04
59.04
64.29
60.45
70.60
60.52
70.67
52.75
88.47
58.16
97.76
15.70
55.33
$54,526,500
59.43
Marine Business.
^Etna
Assurance Co. of America,
Atlantic Mutual,
Citizens', Mo.,
Colonial
Detroit Fire and Marine,
Equitable Fire and Marine,
Fireman's Fund, .
Greenwich,
$138,658,225
650,298,360
233,588
2,732,367
7,130,334
608,007
101,564,872
53,118,216
$324,063
2,963,141
349
63,956
61,346
6,786
323,183
178,194
$164,283
453
1,353,243
5
25,396
24,101
4,206
197,497
89,951
50.69
45.66
1.43
39.71
39.28
61.98
61.11
50.48
INSURANCE COMMISSIONER.
xlv
Table IX. — Insurance Companies of Other States — Concluded.
Marine Business — Concluded.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Home,
Home Fire and Marine,
Insurance Co. of North America,
Mechanics' and Traders',
National Standard,
New York Fire,
Northwestern National,
Orient, ....
Providence Washington,
Security
St. Paul Fire and Marine,
Teutonia,
United States Fire,
United States Lloyds,
Western, .
Totals,
$82,976,503
12,158,696
398,754,420
3,983,063
3,035,962
217,178
266,264
145,082,153
9,074,203
70,099,272
5,682,524
2,204,145
293,862,758
33,838
$1,981,774,948
$258,839
90,526
1,811,967
7,079
74,651
17,869
812
397,913
52,886
342,561
26,562
33,469
319,606
169
$7,355,927
$174,967
55,804
1,137,594
3,802
264
45,200
2,543
20,589
276,799
37,653
178,601
11,546
16,736
273,367
$4,094,600
67.59
61.64
62.80
53.71
60.55
14.17
2,535.59
69.57
71.19
52.13
43.49
50.02
85.54
55.67
xlvi
REPORT OF THE
Table X. — Insurance Companies of Other States.
NAME OF COMPANY.
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
^Etna
$4,856,689
$4,783,116
$1,461,068
33.66
$720,000
Agricultural, .
991,764
1,007,954
390,270
42.70
50,000
Albany,
119,339
118,171
40,564
44.37
20,000
American (Newark), .
1,181,358
1,109,432
451,715
44.37
60,000
American Central, . . .
943,386
941,979
378,576
43.62
60,000
American Fire (New York),
984,404
1,036,719
342,485
36.37
-
American Fire (Philadelphia), .
1,415,555
1,588,062
558,146
42.83
35,000
American Lloyds,
218,952
151,068
63,842
32.55
-
American Mutual,
170,236
165,719
11,474
7.05
-
Assurance Co. of America,
243,154
292,202
83,937
37.26
24,000
Atlantic Mutual, .
3,348,922
3,426,722
420,532
14.19
-
Blackstone Mutual,
377,963
347,969
26,713
7.66
-
British American,
145,175
169,618
51,788
39.15
-
Buffalo Commercial, .
153,871
154,532
52,717
37.13
-
Buffalo German, .
443,827
452,743
162,326
43.10
40,000
Caledonian American,
116,960
117,066
34,262
32.38
-
Camden Fire,
115,842
97,678
37,720
39.44
10,573
Capital Fire,
237,231
246,278
82,044
37.48
8,000
Citizens' (New York),
717,584
757,133
273,806
40.06
24,000
Citizens' (St. Louis), .
152,645
160,776
64,523
46.82
-
Colonial Assurance, .
269,349
485,833
126,034
50.28
-
Commerce, .
149,180
145,694
57,459
46.04
16,000
Commercial Union,
123,409
132,930
35,785
31.04
10,000
Commonwealth, .
265,477
265,214
78,019
34.20
30,000
Concordia
697,418
672,757
288,263
43.64
20,000
Connecticut Fire,
2,209,730
2,038,454
786,412
38.25
100,000
Continental, ....
4,667,620
4,044,923
1,574,601
36.67
250,000
Delaware, ....
755,321
829,077
312,330
45.13
42,173
Detroit Fire and Marine, .
338,611
296,030
115,822
45.38
50,000
Dutchess, ....
261,204
270,909
91,945
37.11
-
Empire City,
177,460
199,532
80,047
47.56
12,000
Enterprise Mutual,
169,962
165,401
11,479
7.05
-
INSURANCE COMMISSIONER.
xlvii
Table X. — Insurance Companies of Other States — Continued.
NAME OF COMPANY.
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
Equitable Fire and Marine,
$504,399
$494,017
$177,040
37.71
$28,000
Farmers' Fire, ....
436,231
456,228
159,934
38.98
-
Fire Association,
3,181,978
3,189,221
1,136,041
39.00
200,000
Fire Ins. Co., County of Phila.,
236,372
263,378
90,601
45.83
24,000
Fireman's Fund, ....
2,098,676
2,059,209
752,761
39.19
120,000
Firemen's (Baltimore),
530.015
522,232
146,687
29.35
40,000
Firemen's (Newark), .
595,541
546,167
194,021
41.51
100,000
Firemen's Mutual,
646,160
591,532
36,099
5.89
-
Franklin Fire, ....
634,496
649,439
248,143
49.08
80,000
German (Freeport), .
1,924,410
1,717,613
761,795
42.77
60,000
German Alliance,
312,925
283,094
83,040
30.08
-
German American,
3,308,036
3,129,536
1,117,079
37.30
30,000
German Fire (Pittsburgh),
265,185
308,788
105,952
43.78
20,000
Germania Fire, ....
1,355,577
1,303,839
502,686
42.03
150,000
Girard Fire and Marine, .
489,100
553,878
230,407
58.82
63,000
Glens Falls,
1,018,291
891,067
378,993
45.60
60,000
Granite State
310,327
309,933
99,533
34.30
12,000
Greenwich,
1,526,557
1,522,912
673,241
45.95
20,000
Hanover Fire, ....
1,845,645
1,914,657
702,844
40.74
100,000
Hartford Fire, ....
7,109,887
7,132,283
2,534,870
37.65
400,000
Home,
5,410,169
4,951,723
1,880,117
38.76
300,000
Home Mutual, ....
560,070
514,329
187,625
36.31
36,000
Hope Mutual, ....
272,037
256,213
20,630
7.84
-
Indemnity Fire
141,271
125,067
58,054
44.31
-
Insurance Co. of North America,
6,458,267
6,114,527
1,848,831
31.28
360,000
International
84,407
76,128
27,298
37.05
-
King's County Fire, .
136,119
124,245
52,632
51.50
10,000
Lafayette Fire
239,949
254,608
77,829
33.84
-
Liverpool and London and Globe,
72,638
54,982
23,991
37.83
-
Lumbermen's
218,074
206,616
73,378
44.66
25,000
Magdeburg Fire, ....
75,839
72,981
25,340
37.90
-
Manufacturers' Mutual,
277,996
242,266
17,889
6.75
-
Mechanics'
272,676
296,158
101,754
43.19
20,000
xlviii
REPORT OF THE
Table X. — Insurance Companies of Other States — Continued.
NAME OF COMPANY".
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
Mechanics' Mutual,
$179,352
$159,377
$11,557
6.71
-
Mechanics' and Traders', .
200,337
192,149
76,833
43.14
-
Merchants' (Newark),
898,146
1,098,890
392,182
47.61
$32,000
Merchants' Mutual, .
178,585
164,670
13,263
7.81
-
Michigan Fire and Marine,
320,108
304,735
122,541
43.27
16,000
Middlesex Mutual,
117,950
110,110
49,074
56.59
-
Millers' and Manufacturers',
185,231
246,669
85,688
49.08
-
Millers' National,
372,693
351,680
87,040
25.65
-
Milwaukee Fire, ....
193,236
194,911
97,257
54.92
-
Milwaukee Mechanics',
1,028,093
1,014,882
402,883
44.75
80,000
Nassau,
100,888
127,907
23,308
43.07
20,000
National,
2,932,479
2,745,820
1,100,935
40.24
120,000
National Standard,
277,922
291,023
85,855
35.94
24,000
Newark Fire, ....
155,879
171,740
67,789
53.25
25,000
New Hampshire Fire,
1,469,981
1,471,294
542,400
41.60
100,000
New York Fire, ....
257,394
261,409
90,235
37.15
12,000
Niagara Fire
1,759,297
1,740,074
664,990
40.20
50,000
North British and Mercantile, .
32,918
10,280
9,119
38.94
-
Northern Insurance, .
82,482
182,943
70,456
94.35
-
North German Fire, .
114,176
86,756
43,373
41.15
-
North River, ....
371,617
379,559
148,923
42.87
28,000
Northwestern National,
1,155,947
976,083
447,490
43.36
72,000
Orient,
1,342,433
1,451,712
487,967
38.52
25,000
Pacific Fire
468,463
509,133
186,354
46.53
20,000
Pelican Assurance,
142,874
116,517
50,883
38.06
-
Pennsylvania Fire,
2,133,286
2,053,489
702,479
36.61
100,000
Phenix (New York), .
3,567,545
3,433,483
1,397,597
40.96
100,000
Phoenix (Hartford), .
2,992,465
3,087,590
1,078,130
38.90
280,000
Potomac
152,404
134,774
70,753
58.86
24,000
Providence Mutual,
88,609
69,300
23,785
33.68
-
Providence "Washington, .
1,513,670
1,530,225
471,127
32.42
50,000
Queen,
2,104,714
2,045,481
681,833
34.91
100,000
Reading Fire, ....
476,142
419,608
158,546
36.28
1
15,000
INSURANCE COMMISSIONER.
xlix
Table X. — Insurance Companies of Other States — Concluded.
NAME OF COMPANY.
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
Reliance,
$364,078
$359,168
$144,754
44.55
$18,000
Rhode Island Mutual,
387,711
336,511
24,854
6.73
-
Rochester German, .
515,755
445,794
187,420
40.19
20,000
Security,
606,872
629,757
227,709
39.85
24,000
Spring Garden, .
635,344
521,695
233,088
40.52
32,000
State Mutual Fire,
674,606
627,992
44,780
6.92
-
St. Paul Fire and Marine,
1,934,741
1,784,559
671,532
36.50
50,000
Teutonia,
497,401
497,781
180,580
38.32
25,000
Traders',
1,184,816
1,128,029
419,693
38.54
50,000
Union, ....
298,388
344,128
130,333
46.77
12,000
United Fire, .
205,069
213,445
101,284
54.64
-
United Firemen's,
364,546
378,463
135,308
44.94
30,000
United States Fire,
377,665
371,031
166,470
47.35
20,000
United States Lloyds,
444,004
436,450
113,083
25.39
-
Victoria Fire,
97,845
108,659
29,199
32.51
-
Westchester Fire,
1,650,658
1,564,565
629,112
41.23
48,000
Western,
217,523
260,020
71,722
37.37
-
What Cheer Mutual, .
325,806
308,872
25,824
8.34
-
Williamsburgh City, .
726,213
733,566
304,392
45.74
60,000
Totals, .
$108,445,275
$105,985,295
$36,857,621
37.19
$5,521,746
REPORT OF THE
Table XI. — United States Branches, Foreign Companies.
[All companies in this list have a deposit capital of $200,000, except those doing a marine
business, which have a deposit capital of $300,000, and are marked by an asterisk (*). Under
section 31, chapter 522, Acts of 1894, all general deposits in excess of what is sufficient to enable
the company to comply with the law as regards capital are counted as surplus funds.]
NAME OF COM-
PANY.
Location.
Amount at
Risk
Dec. 31, 1900.
Gross
Assets.
Gross
Liabilities.
Surplus as
regards Pol-
| icy Holders
Dec. 31, 1900.
Aachen & Munich,
Aix-la-Chapelle
, $54,878,215
$848,028
$439,996
$408,032
Atlas Assurance, .
London, .
92,693,479t
858,839
569,765
289,074
Baloise Fire, .
Basle,
36,823,709
828,589
290,830
537,759
British America, .
Toronto, .
122,037,343
976,310
781,855
194,455
British & For. Marine,*
Liverpool,
17,075,904
1,335,339
579,191
756,148
Caledonian, .
Edinburgh,
181,695,579
1,685,766
1,028,817
656,949
Cologne Reinsurance, .
Cologne, .
46,032,428
628,915
302,029
326,886
Commercial Union,
London, .
407,666,881f
3,516,109
2,307,635
1,208,474
Hamburg-Bremen,
Hamburg,
156,180,263
1,342,989
1,028,301
314,688
Helvetia-Swiss,
St. Gall, .
42,457,319
865,450
338,577
526,873
Imperial,
London, .»
172,685,969
1,546,646
975,090
571,556
Lancashire,
Manchester, .
276,278,300t
2,048,464
1,564,011
484,453
Law, Union and Crown,
London, .
39,809,886
618,289
287,739
330.550
Lion, ....
London, .
79,853,257
681,230
458,795
222,435
Liv. & London & Globe,
Liverpool,
873,772,571f
8,741,796
4,886,072
3,855,724
Lon. Assurance (Fire),
London, .
163,174,978
1,459,024
797,042
661,982
Lon. Assur. (Marine),*
London, .
6,305,264
616,309
184,134
432,175
London & Lancashire, .
Liverpool,
387,853,743
2,243,668
1,579,068
664,600
Magdeburg Fire, .
Magdeburg,
85,218,377
729,854
527,044
202,810
Manchester Assurance,
Manchester, .
194,146,167
1,571,144
1,185,629
385,515
Mannheim,* .
Mannheim,
9,785,680
390,312
85,799
304,513
Marine,* ....
London, .
51,742,111
484,880
178,026
306,854
Moscow, ....
Moscow, .
68,604,570
675,327
422,923
252,404
Munich Reinsurance, .
Munich, .
205,895,399
1,016,184
1,001,932
14,252
National,
Dublin, .
42,168,906
586,478
387,827
198,651
Netherlands Fire, .
The Hague,
36,042,707
569,272
296,705
tnjttt
No. British & Mercantile,
London, .
423.048.156t
3,889,837
2.303.S80
1,585,957
Northern Assurance, .
London, .
200,740,514
2,366,208
1,125,641
1/240,567
North German,
Hamburg,
43,063,876
603,012
371,719
231,293
Norwich Union,
Norwich, .
250,391,417
2,167,445
1,363,385
804,060
+ Including perpetual tire risks.
INSUEANCE COMMISSIONER.
li
Table XI. — United States Branches, Foreign Companies — Con.
NAME OF COM-
Location.
Amount at
Risk
Dec. 31, 1900.
Gross
Gross
Surplus as
regards Pol-
PANY.
Assets.
Liabilities.
icy Holders
Dec. 31,1900.
Phoenix Assurance,
London, .
$316,721,953
$2,713,430
$2,039,372
$674,058
Prussian National,
Stettin, .
59,202,912
766,423
433,137
333,286
Reliance Marine,* .
Liverpool,
2,409,986
376,858
60,465
316,393
Royal, ....
Liverpool,
782,905,146|
6,685,241
4,489,564
2,195,677
Royal Exchange, .
London, .
100,497,741
1,324,095
675,699
648,396
Salamandra, . . .
St. Petersburg,
49,478,355
645,463
385,674
259,789
Scottish Union & Nat'l,
Edinburgh,
382,670,794
3,410,410
1,787,334
1,623,076
Skandia, ....
Stockholm,
43,581,277
446,450
271,851
174,599
State
Liverpool,
11,252,408
320,877
88,793
232,084
Sun, ....
London, .
311,959,981
2,283,482
1,482,680
800,802
Svea, ....
Gothenburg, .
44,011,387
633,932
430,626
203,306
Thames and Mersey,* .
Liverpool,
4,346,900
522,789
188,429
334,360
Thuringia,
Erfurt, .
98,583,928
991,703
672,732
318,971
Transatlantic,
Hamburg,
42,960,411
641,322
346,645
294,677
Union Assurance, .
London, .
131,556,356
1,241,966
826,282
415,684
Union Marine,*
Liverpool,
6,798,690
502,331
117,232
385,099
Western Assurance,
Toronto, .
217,267,709
1,628,019
1,279,566
348,453
$7,374,328,902
$71,026,504
$43,225,538
$27,800,966
f Including perpetual fire risks.
lii
REPORT OF THE
Loss
iums
ed.
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INSURANCE COMMISSIONER.
lv
Table XIII. — Massachusetts Business for 1900.
Massachusetts Mutual Fire Companies.
NAME OF COMPANY.
Risks
Premiums
Contingent
Losses
Losses
Written.
Received.
Assets.
Paid.
Incurred.
Abington,
$1,913,483
$23,328
$28,328
$8,862
$9,153
Annisquam,
94,550
-
3,417
9
9
Arkwright, . . - .
46,819,845
353,445
1,767,223
13,424
13,214
Atlas,
20,250
63
-
-
-
Attleborough
439,210
3,088
30,472
5,018
5,479
Barnstable County,
2,477,186
44,410
133,229
11,934
12,059
Berkshire,
2,718,975
40,588
40,538
15,605
15,605
Boston Manufacturers',
57,510,607
481,678
2,408,391
13,166
13,166
Bristol County
512,930
3,425
34,247
2,107
2,307
Cambridge,
5,861,040
96,051
96,051
43,594
42,490
Citizens'
6,358,856
89,944
413,589
29,577
28,277
Cohasset,
61,250
949
1,899
890
409
Cotton and Woolen, .
6,817,164
51,120
255,598
3,538
3,538
Dedharn,
2,012,285
31,473
31,473
11,513
11,634
Dorchester, . . .
9,344,763
146,895
146,895
58,181
59,411
Fall River Manufacturers',
17,142,723
127,961
639,805
4,639
4,639
Fitchburg
4,459,566
64,201
64,201
26,432
31,161
Groveland,
403,794
-
32,748
178
178
Hampshire,
1,037,149
16,926
16,926
4,449
3,957
Hingham
5,308,595
79,779
79,779
38,387
38,515
Holyoke,
8,533,309
129,570
129,570
40,275
40,406
Industrial, .....
4,041,128
31,785
158,925
405
405
Lowell,
2,846,730
44,158
44,158
11,152
11,100
Lumber,
1,028,816
20,849
62,546
13,966
13,891
Lynn,
471,245
6,953
13,906
1,464
1,464
Merchants and Farmers', .
4,648,240
72,001
72,001
26,544
27,652
Merrimack
7,006,260
104,379
422,979
61,395
55,316
Middlesex,
11,028,092
168,447
659,513
65,445
66,674
Mutual Fire Assurance,
1,321,200
21,166
21,166
5,745
5,745
Mutual Protection,
1,626,291
26,489
26,489
4,911
6,055
Newburyport, ....
135,250
2,065
8,290
43
43
Norfolk,
5,210,602
76,844
76,844
26,594
26,805
Paper Mill
4,707,138
33,775
168,377
1,442
1,442
Quincy
7,623,362
116,402
116,402
40,612
42,112
Rubber Manufacturers',
5,490,462
45,365
226,727
3,046
3,046
Salem,
2,102,239
33,887
33,887
10,655
10,655
Salisbury and Amesbury, .
24,450
245
2,445
300
300
Saugus,
960,400
-
120,369
2,323
2,323
South Danvers, ....
180,910
3,914
11,743
332
332
Traders' and Mechanics', .
8,692,649
135,384
135,384
57,379
57,379
Western Massachusetts,
500
2
_
_
_
West Newbury
174,845
-
11,867
3,207
3,607
Whiting,
178,575
1,551
3,102
-
-
Worcester Manufacturers',
20,541,357
252,134
1,260,672
4,969
4,908
Worcester Mutual,
10,581,290
152,481
610,986
33,368
33,610
Totals,
$280,469,561
$3,140,170
$10,623,707
$707,075
$710,471
hi
REPORT OF THE
Table XIII. — Massachusetts Business for 1900 — Continued,
Massachusetts Mutual Fire-Marine Companies.
Fire Business.
NAME of company.
Risks Premiums
Written. Received.
Losses
Paid.
LrOr-
Incurred.
$11,551
Marine Business.
China,
$24,786,900
$339,177 $2S2,257 $152,891
Massachusetts Stock Companies.
Fire Business.
Mercantile Fire and Marine,
Springfield Fire and Marine,
Totals,
$6,331,116
J. 668
.734
12,818,061
15,65S,041
$51,356,:.
$57,299
S7.513
91,241
151,312
$455,152
$14,444
47,951
46.653
40,199
69,633
$215, 850
$12,524
46,423
23,021
36,699
71,322
$189,959
Marine Business.
Boston,
$66,666,363 ! $473,555 $215,453
$21«
Companies of Other States.
Fire Business.
./Etna
$32,036,854
$249,215
$109,055
$114,145
Agricultural,
8,011,000
77.741
40,396
45,305
Albany,
2,044,510
16,591
6,863
6,178
American (Newark),
4,456,086
35,570
15,029
19,213
American Central,
1,257,659
14,447
9,436
6,735
American Fire (New York),
6,450,862
69,031
30,657
American Fire (Philadelphia), .
4,762,859
46,330
50,001
American Lloyds,
2,811,433
19,463
2,766
American Mutual, ....
1,960,617
14,512
23
23
Assurance Company of America,
2,184,020
16,515
7,155
7,017
INSURANCE COMMISSIONER.
lvii
Table XIII. — Massachusetts Business for 1900 — Continued.
Companies of Other States — Continued.
Fire Business — Continued.
Risks
Premiums
Losses
Losses
NAME OF COMPANY.
Written.
Received.
Paid.
Incurred.
Blackstone Mutual,
$5,752,293
$41,669
$2,047
$2,047
British American, ......
41,997
29,322
9,209
11,026
Buffalo Commercial,
792,323
7,097
2,500
2,470
Buffalo German,
2,169,639
17,222
6,397
6,427
Caledonian American,
1,269,024
12,699
4,253
4,332
Camden Fire,
3,144,847
14,921
6,876
7,204
Capital Fire,
4,365,403
52,804
31,950
35,470
Citizens' (New York),
3,579,962
32,157
11,545
14,058
Citizens' (St. Louis),
3,031,120
31,254
9,491
17,989
Colonial Assurance,
886,872
8,407
10,247
9,134
Commerce,
999,494
9,007
4,337
3,339
Commercial Union,
1,805,391
14,577
3,755
5,830
Commonwealth,
4,143,641
26,685
2,521
4,457
Concordia,
2,813,684
34,273
5,791
5,074
Connecticut Fire,
10,154,900
105,828
51,910
53,445
Continental,
16,337,864
163,687
73,080
75,203
Delaware,
4,751,241
53,362
27,565
29,840
Detroit Fire and Marine, ....
1,179,897
10,071
2,688
3,057
Dutchess
1,848,385
16,850
54
1,829
Empire City,
-
-
-
-
Enterprise Mutual,
2,002,617
14,788
23
23
Equitable Fire and Marine
5,732,967
50,996
27,987
23,513
Erie Fire,
1,843,022
11,830
6,245
8,328
Farmers' Fire,
1,826,044
33,979
41,389
45,215
Fire Association,
15,529,407
175,532
109,593
109,562
Fire Insurance Co., County of Philadelphia,
2,071,952
20,190
6,206
7,363
Fireman's Fund,
10,111,146
100,224
39,196
40,353
Firemen's (Baltimore), ....
1,338,201
20,035
18,102
19,316
Firemen's (Newark),
3,677,5ir
32,843
17,304
18,618
Firemen's Mutual,
11,480,260
82,885
2,826
2,745
Franklin Fire,
3,024,844
28,255
10,568
11,312
German (Freeport),
3,643,505
28,164
6,502
7,576
German Alliance
2,365,604
23,066
3,581
8,405
German American,
16,547,866
143,702
69,736
69,710
German Fire (Pittsburgh)
1,556,569
12,933
10,917
11,226
Germania Fire,
6,346,940
59,394
20,951
23,788
Girard Fire and Marine, ....
1,415,612
12,527
9,409
7,206
Glens Falls
4,473,881
38,505
19,435
18,728
Granite titate,
6,298,850
69,279
20,218
24,839
Greenwich,
9,566,669
86,999
30,635
31,432
Hanover Fire,
9,272,312
93,992
49,823
53,689
Hartford Fire
23,694,933
246,941
123,960
119,283
Home,
46,773,982
325,309
157,149
166,851
Home Fire and Marine, ....
2,096,497
20,825
5,636
6,074
Hope Mutual,
726,732
5,498
583
583
Indemnity Fire
1,069,211
11,418
2,370
3,163
Insurance Co. of North America,
22,369,445
256,956
104,980
104,085
International,
605,833
5,291
3,188
3,649
King's County Fire
676,933
6,449
2,983
3,039
Lafayette Fire,
1,916,434
15,065
8,938
8,832
Liverpool and London and Globe,
_
8
_
_
Lumbermen's,
1,084,171
9,742
6,187
5,345
Magdeburg Fire
480,708
7,382
3,270
3,272
Manufacturers' Mutual, ....
4,645,671
33,021
962
977
Mechanics',
936,700
11,149
5,553
6,138
Iviii
REPORT OF THE
Table XIII. — Massachusetts Business for 1900 — Continued.
Companies of Other States — Continued.
Fire Business — Concluded.
Risks
Premiums
Losses
Losses
NAME OF COMPANY.
Written.
Received.
Paid.
Incurred.
Mechanics' Mutual
$2,681,413
$19,108
$647
$658
Mechanics' and Traders', ....
2,814,805
21,339
4,683
6,955
Merchants' (Newark)
7,825,660
52,927
24,245
18,594
Merchants' Mutual
2,562,665
18,501
1,033
1,031
Michigan Fire aod Marine, ....
532,316
5,616
5,000
4,313
Middlesex Mutual,
714,370
10,415
6,674
6,411
Millers' and Manufacturers',
424,460
7,533
1,949
'2,925
Millers' National
413,350
3,920
3,452
3,452
Milwaukee Fire,
200,598
2,081
424
424
Milwaukee Mechanics', ....
1,055,472
11,482
4,771
4,408
Nassau,
778,687
4,321
49
981
National,
18,266,108
151,609
55,298
55,834
National Standard,
2,355,508
16,618
6,809
6,586
Newark Fire,
608,803
6,019
2,270
1,312
New Hampshire Fire,
19,889,634
190,397
147,837
134,749
New York Fire,
2,470,388
11.911
8,631
9,378
Niagara Fire,
11,858,761
142,247
74,488
74,868
North British and Mercantile,
1,083,603
5,204
141
131
Northern Insurance
1,346,458
44,818
10,199
8,986
North German Fire,
495,423
4,779
1,515
1.515
North River,
1,971,126
20,649
8,513
10,989
Northwestern National, ....
3,449,044
28,585
12,363
12,610
Orient
3,856,450
36,559
26,523
27.735
Pacific Fire,
1,725,148
18,809
12,001
11,876
Pelican Assurance,
547,932
5,420
962
962
Pennsylvania Fire
9,668,949
97,669
75,767
75,298
Phenix (New York),
21,215,765
162,841
39,525
39,358
Phoenix (Hartford),
13,220,786
122.217
53,343
62,187
Potomac,
867,550
9,002
958
1.027
Providence Mutual,
515,910
5,962
1,263
1,263
Providence "Washington
12,986,395
115,667
62,387
59,613
Queen
11,666,997
106,224
35,004
35,570
Reading Fire,
3,978,650
32,133
14,142
14,606
Reliance, .......
3,940,686
24,212
8,457
9,538
Rhode Island Mutual,
6,925,197
50,028
1,164
1,182
Rochester German,
4,106.413
46,105
21,066
21,344
Security,
6,507,716
56,067
23,346
30,107
Spring Garden,
7,482,406
51,227
29,671
21,736
State Mutual Fire
11,288,644
81,845
114
114
St. Paul Fire and Marine, ....
5,072,077
42,112
14,094
15,950
Teutonia
234,876
27,381
5,950
8,820
Traders',
4,402,819
52,229
21,082
23,719
Union
4,104,578
33,272
9,002
13,513
United Fire,
1,254,068
14,677
3,422
5,274
United Firemen's,
3,524,853
30,875
14,578
14,014
United States Fire,
2,524,394
22,685
5,727
7,146
Victoria Fire,
541,764
4,888
2,674
2,674
Westchester Fire
7,198,046
73,670
24,773
2S.574
Western,
1,331,132
9,374
4,202
3,012
What Cheer Mutual
1,090,486
8,087
1,998
1,998
Williamsburgh City,
4,160,938
37,875
17,317
20,002
Totals,
$602,017,183
$5,518,517
$2,391,874
$2,469,934
INSURANCE COMMISSIONER.
lix
Table XIII. — Massachusetts Business for 1900 — Continued.
Companies of Other States — Concluded.
Marine Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
./Etna,
Atlantic Mutual
Fireman's Fund
Home,
Insurance Company of North America,
Orient,
Providence Washington,
St. Paul Fire and Marine,
United States Lloyds
Totals,
$1,764,310
54,847,094
1,685,544
537,525
38,424,470
10,691,017
1,055,073
6,774,518
$115,779,551
$46,898
270,423
10,386
15,341
208,879
59,301
26,042
11,508
$648,778
$22,342
70,295
3,600
13,455
50,591
885
4,072
12,380
2,576
$180,196
$20,718
70,295
3,996
14,505
50,000
535
5,942
12,705
1,320
$180,016
United States Branches, Foreign Companies.
Fire Business.
Aachen and Munich,
$4,651,325
$56,607
$36,975
$38,788
Atlas Assurance,
5,451,127
59,023
30,625
24,793
Baloise Fire,
2,684,390
29,938
23,273
19,860
British American
3,563,485
42,136
24,179
25,467
Caledonian,
6,546,660
77,692
38,900
35,584
Cologne Reinsurance, . . . . * .
4,937,340
45,065
10,089
16,308
Commercial Union
15,406.162
165,831
65,073
68,808
Hamburg-Bremen,
5,404,158
54,202
29,299
29,844
Helvetia. Swiss,
1,912,780
20,526
18,711
18,656
Imperial,
9,294,401
93,090
47,484
50,667
Lancashire,
11,693,697
91,684
45,278
40,294
Law, Union and Crown, ....
1,712,533
16,107
6,624
7,362
Lion,
3,424,795
36,848
22,230
24,047
Liverpool and London and Globe,
30,524,890
313,221
202,211
211,176
London Assurance (Fire), ....
6,640,385
68,966
37,054
38,471
London and Lancashire, ....
16,893,084
137,995
58,358
62,576
Magdeburg Fire,
5,442,104
66,7.30
89,802
25,649
26,077
Manchester Assurance, ....
8,573,777
31,554
35,183
Moscow,
-
-
_
_
Munich Reinsurance,
17,917,788
141,878
39,983
40,881
National,
6,349,972
78,706
24,902
30,159
Netherlands Fire,
2,202,533
26,438
18,384
17,589
North British and Mercantile,
14,883,060
136,237
65,817
71,124
Northern Assurance,
9,905,647
68,284
26,346
25,712
North German,
1,588,058
17,189
2,695
2,745
Norwich Union,
11,962,030
112,244
66,972
67,693
Phoenix Assurance,
12,333,170
117,500
59,111
50,564
Prussian National,
3,114,610
25,133
10,571
14,312
Royal,
44,637,081
848,823
220,275
206,474
Royal Exchange,
8,074,424
64,482
20,302
25,158
Salamandra, . . . .
4,168,987
36,246
2,378
2,457
Scottish Union and National,
15,«69,941
148,949
83,635
87,559
Skandia,
4,066,401
22,532
586
622
State,
1,189,184
11.692
3,243
3,902
Sun,
14,729,969
139,259
59,739
52,065
lx
REPORT OF THE
Table XIII. — Massachusetts Business for 1900 — Concluded.
United States Branches, Foreign Companies — Concluded.
Fire Business — Concluded.
NAME of company.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
Svea,
Thuringia,
Transatlantic,
Union Assurance,
Western Assurance,
$2,521,231
3,787.659
693,675
5,890,779
6,624,474
$30,647
44,136
8,002
57,200
74,534
$16,926
23,8o9
2,457
18,715
33,151
$15,658
25.665
3,172
18,136
33,687
$337,267,666
$3,175,574
$1,553,563
$1,569,295
Marine Business.
British and Foreign Marine,
$67,582,595
$375,181
$259,349
$221,422
London Assurance,
2,656,690
22,252
3,262
3,262
Mannheim,
6,907,819
37,866
28,153
29,783
Marine,
170,702,016
50,871
35,237
29,969
Reliance Marine,
-
-
-
_
Thames and Mersey,
3,208,608
9,366
235
235
Union Marine,
438,931
6,921
774
774
$251,496,659
$502,457
$327,010
$285,445
Recapitulation.
Fire Business.
Massachusetts mutual fire companies,
Massachusetts mutual fire marine com-
panies,
Massachusetts joint-stock companies,
Companies of other 8tates, ....
United States branches
Totals,
$280,469,561
2,748,646
51,356,620
602,017,183
337,267,666
$1,273,859,676
$3,140,170
30,372
455,152
5,518.517
3,175,574
$12,319,785
$707,075
9,932
218,880
2,391,874
1,553,563
$710,471
11.551
189,989
2,469,934
1,569,295
$4,881,324 $4,951,240
Marine Business.
Massachusetts mutual marine companies, .
Massachusetts joint-stock companies,
Companies of other States
United States branches, ....
Totals,
$24,786,900
66,666,363
115,779,551
251,496,659
$339,177
473,588 I
648,7"-
502,457
$282,257
218,453
180,196
327,010
$152,891
219,572
180,016
285,445
$458,729,473 i $1,964,000 $1,007,916 $837,924
INSURANCE COMMISSIONER.
lxi
Table XIV. — Statement of the Receipts and Expenditures of the
Insurance Department for the Year ending Dec. 31, 1900.
[Made pursuant to chapter 522, section 17, Acts of 1894.]
Receipts.
Compensation for valuation of life insurance policies,
License fees, filing statements, certificates, etc.,
f26,858 47
56,987 00
f83,845 47
Expenditures.
Commissioner.
$3,500 00
Deputy Commissioner.
•
2,500 00
Actuary.
2,000 00
Examiner.
2,000 00
Clerks.
Arthur E. Linnell, first,
$2,000 00
William O. Richardson, second,
1,500 00
Minnie F. Whipple, third,
1,200 00
4,700 00
Extra Clerks.
A. M. Hawes,
$1,100 00
C. E. Weis, .
1,000 00
M. E. Burrill,
1,000 00
E. L. Johnson,
1,000 00
S. E. Flint, .
1,000 00
F. M. Page,
1,000 00
F. M. Robbins,
1,000 00
L. G. Hodgkins,
976 67
G. C. Studley,
900 00
G. M Hall,.
900 00
V. I. Bryant,
900 00
I. L. Baker,
900 00
F E. Gowell,
840 00
M. L. McMann,
840 00
L. H. Young,
840 00
C. L. Sawyer,
840 00
L. E. Brickett,
840 00
M. H. Dyer,
840 00
Amounts car
riedj
fyrwa
,rd, .
>
$16,716 67
$14,700 00
lxii
REPORT OF THE INSURANCE COMMISSIONER.
Table XIV. — Statement of Receipts, etc. — Concluded.
Amounts brought forward, ....
$16,716 67
$14,700 00
J. S. Davis,
840 00
G. L. Moore,
. .
840 00
E. G. Stevens,
> .
840 00
B. Hadley,
.
810 00
G. H. Manks,
. ,
780 00
M. V. Kelley, .
. .
715 00
K. J. Connorton,
, ,
630 00
A. A. Estes,
630 00
H. A. Stewart, .
,
150 00
22,951 67
Contingent Expenses.
Printing and binding, .....
$1,700 35
Postage,
830 57
Travelling and examination expenses,
110 16
Stationery and supplies,
199 80
Clerical and expert services,
50 00
Stenographic work, etc.,
49 00
Express, telegraph and telephone,
136 51
Adding machine, ....
250 00
Rooks and newspapers,
67 15
Incidentals,
59 13
3,452 67
.
Total expenditures for 1900,
£41,104 34
Fees collected and paid into State treasury,
.
83,845 47
Surplus accrued to the Commonwealt
h, .
$42,741 13
MASSACHUSETTS MUTUAL
FIRE INSURANCE COMPANIES.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending
December 31, 1900.
ABINGTON MUTUAL FIRE INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
ABINGTON MUTUAL FIRE INSURANCE COMPANY,
ABINGTON.
[Incorporated May 30, 1856. Commenced business June 15, 1857.]
ISAAC C. HOWLAND, President. ALFRED H. NASrf, Secretary.
Amount of permanent fund, $41,728 54
Detailed Statement of Stocks,
South Abington (Mass.) bonds,
Omaha (Neb.) city bonds,
St. Paul (Minn.) bonds, ....
Portland & Ogdensburg Railroad bonds,
Naumkeag Street Railway bonds, .
East Middlesex Street Railway bonds,
Trenton Passenger Railway bonds, .
Rockland & Abington Street Railway bonds,
Concord & Montreal R.R. debentures,
Fitchburg R R. bonds, ....
Maine Central R.R. bonds,
Boston United Gas Co. bonds, .
20 shares Union Pacific R.R., .
10
10
14
5
20
13
5
14
21
State National Bank, Boston, .
Nat' 1 Hide and Leather B r k, Boston
Metropolitan National B'k, Boston,
Old Boston National Bank, Boston,
South End National Bank, Boston,
Abington National Bank, Abington,
Whitman National Bank, Whitman,
First National Bank, Salem,
First National Bank, Danvers, .
Bonds, etc.
Par Value.
$2,000 00
1,000 00
1,000 00
5,000 00
2,000 00
1,000 00
2,000 00
1,000 00
3,000 00
1,000 00
1,000 00
2,000 00
2,000 00
1,000 00
1,000 00
1,400 00
500 00
2,000 00
1,300 00
500 00
1,400 00
1,575 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $4,400 00
Loans on mortgage of real estate (first liens*), 18,230 00
Interest due or accrued thereon, . . . 232 71
Market Valne.
$2,160 00
1,053 75
1,090 00
5,600 00
2,155 00
1,010 00
2,390 00
1,175 00
3,322 50
1,018 75
1,040 00
1,620 00
1,640 00
1,100 00
1,100 00
1,428 00
525 00
1,600 00
1,365 00
510 00
1,190 00
1,575 00
$34,675 00 $35,668 00
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
£9,550 00
24,515 00
•23,100 00
ABINGTON MUTUAL FIRE INSURANCE CO.
Stocks, bonds, etc., as per schedule, .
Cash loans,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Bills receivable,
Gross assets,
Liabilities
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, .
Gross liabilities,
Net cash assets,
$35,668 00
300 00
1,729 10
16,143 35
298 32
1,408 50
30 00
1,451 64
$79,891 62
$877 89
250 00
42,954 30
3, 482 20
292 53
44,856 92
. . . .
$35,034 70
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
$1,431 42
28,434 20
$29,865 62
1,408 50
,457 12
1,466 77
sources,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for repairs on real estate,
for incidentals,
Gross cash expenditures, ....
$26,990 35
248 50
899 70
2,535 58
539 60
$31,213 73
$8,861 92
9,725 75
4,182 60
2,215 13
310 23
425 00
152 55
734 56
$26,607 74
ANNISQUAM MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $5,941,593 00
Risks written during 1900, . 1,913,483 00
Total, ....
Risks terminated during 1900,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$7,855,076 00
2,136,182 00
$5,718,894 00
56,715 00
Cash Prem's.
$87,105 50
28,434 20
5115,539 70
31,178 17
$84,361 53
774 73
Conting't Prem's.
$87,105 50
28,434 20
$115,539 70
31,178 17
$84,361 53
774 73
$5,662,179 00 $83,586 80 $83,586 80
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 20 and 40 per cent.
$9,153 00
ANNISQUAM MUTUAL FIRE INSURANCE COMPANY,
GLOUCESTER.
[Incorporated March 1, 1847., Commenced business Dec. 28, 1847.]
ELIAS DAVIS, President. , JAMES S. JEWETT, Secretary.
[Note. — This company charges a cash premium adequate for expenses only, and relies
upon assessments on deposit notes to pay losses.]
Amount of permanent fund Dec. 31, 1899,
Increase during the year,
Permanent fund Dec. 31, 1900,
$652 19
24 50
$676 69
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States bonds, f 500 00 $575 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company,
Cash deposited in bank,
Assessments due,
Postage stamps,
OflBce safe, $85 00
Gross assets,
$4,463 9±
117
84
575
00
51
21
3,654 95
25
45
18
Liabilities.
Return assessments on cancelled policies,
$8,888 57
$58 07
* Value of lands mortgaged $3,900 00
Value of buildings thereon 6,900 00
Amount of insurance held as collateral 6,563 00
ARKWMGHT MUTUAL FIRE INSURANCE CO.
Income.
Cash received from assessments,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Risks outstanding Dec. 31, 1899,
Risks written during 1900,
Total, ....
Risks terminated during 1900, .
$629 48
282 50
20 00
$931 98
$9
17
154 06
350
00
3
67
11
00
In force at end of year,
Miscellaneous
Losses incurred during the year,
Amount.
$336,305 00
94,550 00
$430,855 00
95,600 00
$527 90
Conting't Prem's.
$21,438 85
3,417 25
$24,856 10
5,808 50
$335,255 00 $19,047 60
$9 00
ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.]
R. W. TOPPAN, President. D. W. BARTLETT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Commonwealth of Massachusetts, . . . $100,000 00 $104,500 00
Cambridge city bonds, 40,000 00 42,950 00
Boston city bonds 20,000 00 21,500 00
Providence city bonds, 50,000 00 50,500 00
Waltham city bonds, 10,000 00 10,725 00
Lowell city bonds, 20,000 00 22,800 00
Springfield city bonds, 20,000 00 20,075 00
Worcester city bonds, 25,000 00 25,500 00
Fitchburg Railroad bonds, .... 60,00000 67,06200
Eastern Railroad bonds, 35,000 00 40,075 00
Old Colony Railroad bonds, .... 40,000 00 46,400 00
Boston & Lowell Railroad bonds, . . . 90,000 00 101,600 00
Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 53,462 00
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
Par Value. Market Value.
Boston & Maine Railroad bonds, . . . $50,000 00 $58,500 00
Philadelphia, Wilm. & Baltimore R.R. bonds,. 20,000 00 22,600 00
New York, Providence & Boston R.R. bonds, . 10,000 00 10,025 00
Boston & Providence Railroad bonds, . . 20,000 00 22,300 00
Lake Shore & Michigan Southern R.R. bonds, 30,000 00 33,000 00
Pennsylvania Company bonds, . . . 30,000 00 34,500 00
Chicago June. R.R. & Union St'k Y'ds bonds, 25,000 00 27,875 00
Boston & Albany Railroad bonds, . . . 30,000 00 33,000 00
Norwich & Worcester R.R. bonds, . . . 50,000 00 57,000 00
$825,000 00 $905,949 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, . . $905,949 00
Cash in the office of the company, . . . 316 91
Cash deposited in bank, 70,988 35
Interest due and accrued, 12,452 08
Premiums in course of collection (gross), . 8,886 94
Gross assets,
Liabilities.
Unearned premiums on outstanding risks, . $451,388 57
State and local taxes, 1,992 15
Gross liabilities,
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
f998,593 28
453,380 72
$545,212 56
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
for incidentals, ....
Gross cash expenditures, ....
$13,758 13
944,938 40
$958,696 53
8,886 94
$949,809 59
38,347 73
$911,461 86
36,518 80
$947,980 66
$68,318 01
732,267 43
24,644 76
9,055 19
2,116 78
14,325 12
9,309 25
$860,036 54
ATLAS MUTUAL INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $106,111,588 00 $813,955 39 $4,069,776 95
Risks written during 1900, . 124,221,407 00 944,938 40 4,724,692 00
Total $230,332,995 00 $1,758,893 79 $8,794,468 95
Risks terminated during 1900,. 112,503,885 00 856,116 65 4,280,583 25
In force at end of year, . .$117,829,110 00 $902,777 14 $4,513,885 70
Miscellaneous.
Losses incurred during the year, $56,005 00
Profits or surplus returned during 1900, 89 T 4 4 o per cent.
ATLAS MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated February, 1892. Commenced business June 15, 1892.]
JOHN A. PRAY, President. JOHN C RANDALL, Secretary.
Office, 2 Mason Building. .
Summary of Assets Dec. 31, 1900.
Cash deposited in bank, $23,146 82
Liabilities.
Losses disputed or resisted, .... $500 00
Unearned premiums on outstanding risks, . 25 97
Due and accrued for rent, salaries, etc., . . 416 70
Gross liabilities, 942 67
Net cash assets, $22,204 15
Income.
Premiums outstanding Dec. 31, 1899, . . $2,943 10
Premiums on risks written or renewed, . . 63 20
Cash premiums received, $3,006 30
Interest and dividends received from all sources, . . . 729 96
Income from managers, 24,864 91
Income from all other sources, 178 10
Sale of bonds, $24,406 25
Gross cash income, $28,779 27
8
ATTLEBOROUGH MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses, $12,753 71
Deduct salvage and reinsurance, ... 26 98
Net cash paid for losses,
Cash paid for return premiums,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
to former agent at Chicago, 111.,
to managers for cancellation of contract,
Gross cash expenditures, .....
$•12,726 73
10,657 22
125 96
616 56
68 47
1,121 32
390 33
20,000 00
$45,706 59
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $2,519,975 00
Risks written during 1900, . 20,250 00
Total, $2,540,225 00
Risks terminated during 1900, . 2,522,475 00
In force at end of year, - .
$17,750 00
Cash Prem's. Conting't Prem's.
$31,143 25 $93,429 75
63 20 189 60
$51 95
$31,206 45 $93,619 35
31,154 50 93,463 50
$155 85
ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY,
ATTLEBOROUGH.
[Incorporated Feb. 24, 1844. Commenced business July, 1844.]
EVERETT S. CAPRON, President. HARRY E. CARPENTER, Secretary.
Amount of permanent fund Dec. 31, 1900,
§16,901 35
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Cash loan,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
$2,100 00
26,650 00
342 76
300 00
31 43
5,441 65
444 20
$35,310 04
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
816,000 00
40,500 00
34,800 00
ATTLEBOROUGH MUTUAL FIRE INSURANCE CO.
9
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
Gross liabilities,
$500 00
7,500 08
$8,000 08
Net cash assets, $27,309 96
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Income from rents, ....
1 48
3,088 48
$3,279 96
444 20
$2,835 76
186 58
$2,649
18
59
14
1,196
47
242 00
Gross cash income,
$4,146 79
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for repairs on real estate,
for incidentals, ....
Gross cash expenditures, ....
$5,017
63
170 89
698 00
140
75
36
00
23
92
117
06
!,204 25
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $2,362,331 00 $14,684 54 $29,369 08
Risks written during 1900, . 439,210 00 3,088 48 6,176 96
Total, $2,801,541 00 $17,773 02 $35,546 04
Risks terminated during 1900, . 461,173 00 2,536 95 5,073 90
In force at end of year, . . $2,340,368 00 $15,236 07 $30,472 14
Miscellaneous.
Losses incurred during the year,
$5,479 00
10
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY,
YARMOUTHPORT.
[Incorporated March 2, 1S33. Commenced business Aug. 1, 1833.]
ALPHOXSO L. WEEKS, President. JOHN H. CLARK, Secretary.
Amount of permanent fund,
,365 80
Detailed Statement of Stocks,
20 shares State National Bank, Boston,
6
5
15
15
10
10
50
63
68
10
10
10
Shawmut National Bank, Boston,
Nat 1 ] Bank of the Republic, Boston,
Nat '1 Bank of Redemption, Boston,
First National Bank, Yarmouth,
First National Bank, Hyannis, .
Falmouth National Bank, .
Massachusetts Real Estate Co ,
Old Colony Railroad,
Union Pacific Railroad,
Southern Pacific Railroad,
N. Y., New Haven & Hartford R.R.
West End Street Railway,
Bell Telephone Company bonds,
Erie Telephone & Telegraph Company bonds
St. Louis Terminal Company bonds,
Fall River city bond, ....
Boston & Maine Railroad bonds,
Fitchburg Railroad bonds,
Iowa Falls & Sioux City Railroad bonds.
Chicago & E. Illinois Railroad bonds,
Oregon Short Line Railroad bonds, .
Illinois Steel Company bonds, .
United States consols, ....
Farm mortjrao-e bonds, ....
Bonds, etc.
Par Value.
$2,000 00
600 00
500 00
1,500 00
1,500 00
1,000 00
1,000 00
3,000 00
6,300 00
5,100 00
650 00
1,000 00
1,000 00
4,000 00
4,000 00
3,000 00
1,000 00
12,000 00
4,000 00
2,000 00
2,500 00
500 00
1,000 00
1,500 00
600 00
Market Value.
$2,160 00
1,020 00
700 00
1,800 00
1,725 00
1,030 00
1,000 00
625 00
12,780 00
5,480 00
420 00
2,115 00
920 00
4,000 00
4,160 00
3,420 00
1,090 00
13,920 00
4,600 Oo
2,720 00
3,020 00
585 00
990 00
1,740 00
200 00
$61,250 00 172,220 00
Summary of Assets Dec. 31, 1900.
3h value of unencumbered real estate, . $2,000 00
Loans on mortgage of real estate (first liens *), 1,250 00
Stocks, bonds, etc., as per schedule, . . . 72,220 00
All other cash loans, 9,052 00
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
S500 00
•2.S00 00
•2,700 00
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
11
Cash in the office of the company, .
Cash deposited in bank,
Interest due and accrued,
Gross assets,
Liabilities.
Losses adjusted, unpaid,
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
State and local taxes,
Gross liabilities,
Net cash assets,
$544 62
10,707 90
2,752 00
$98,526 52
$525 00
1,000 00
69,794 06
773 25
74 30
. 72,166 61
26,359 91
Income.
Cash premiums received,
Received for extra premiums,
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Gross cash income,
$44,409 53
1,206 96
55 00
3,813 89
$49,485 38
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes, .
for incidentals, ....
Gross cash expenditures, ....
$11,933 89
27,073 21
6,273 75
444 $5
761 60
$46,487 00
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $7,495,226 00 $130,150 22 $390,450 66
Risks written during 1900, . 2,477,186 00 44,409 53 133,228 59
Total, $9,972,412 00 $174,559 75 $523,679 25
Risks terminated during 1900, . 2,497,453 00 42,982 49 128,947 47
In force at end of year,
$7,474,959 00 $131,577 26 $394,731 78
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 70 per cent, to August
1 ; balance of year, 50 and 60 per cent.
$12,059 00
12
BERKSHIRE MUTUAL FIRE INSURANCE CO.
BERKSHIRE MUTUAL FIRE INSURANCE COMPANY,
PITTSF1ELD.
[Incorporated March, 1835. Commenced business August, 1835.]
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary.
Amount of permanent fund, $57,271 91
Detailed Statement of Stocks,
Western Union Telegraph Co. bonds,
Chicago & Western Indiana Railroad bonds,
Baltimore & Ohio Railroad bonds, .
St. Paul & Sioux City Railroad bonds,
Pittsfield Electric Street Railway Co. bonds,
Adams Express Co. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Pittsfield Cemetery bonds,
Baltimore & Ohio Railroad stock, .
100 shares Boston & Albany R.R., .
25 '
50 '
19 '
100
55
10 '
12 '
15 '
16 '
10 '
4
N. Y. Cent. & Hudson River R.R.,
Chic, Burlington & Quincy R.R.,
New Hampshire Trust Co.,
Adams Express Co.,
Pittsfield National Bank, Pittsfield,
Agricultural Natl Bank, Pittsfield,
Third National Bank, Pittsfield, .
First National Bank, Adams, .
Adams Nat'l Bank, North Adams, .
Lenox Nat'l Bank, Lenox,
Lee National Bank, .
Bonds, etc.
Par Value.
$1,000 00
5,000 00
2,000 00
1,000 00
2,500 00
10,000 00
1,000 00
2,000 00
200 00
10,000 00
3,200 00
5,300 00
1,900 00
10,000 00
5,500 00
1,000 00
1,200 00
1,500 00
1,600 00
1,000 00
400 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Liabilities.
Losses claimed and reported, . .$1,400 00
Less reinsurance, .... 1,400 00
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
$14,500 00
99,430 00
1,214 97
140 57
190 00
3,829 39
200 00
Market Value.
11,150 00
6,000 00
1,940 00
1,300 00
2,500 00
10,400 00
1,040 00
2,000 00
170 00
25,300 00
4,576 00
7,579 00
950 00
15,000 00
8,250 00
2,700 00
2,520 00
1,875 00
2,080 00
1,400 00
700 00
867,300 00 $99,430 00
6119,504 93
£68,416 00
53 57
1,357 04
BERKSHIRE MUTUAL EIRE INSURANCE CO.
13
Due and accrued for rent, salaries, etc.,
Due for borrowed money,
State and local taxes,
Commissions and brokerage,
Gross liabilities, .
Net cash assets,
$200 00
3,000 00
70 18
525 30
Income
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends received from all sources,
Income from rents, ....
Income from borrowed money,
Gross cash income, ...
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses, . . • .
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for repairs on real estate,
for incidentals,
Borrowed money repaid, .
Gross cash expenditures, .
$2,967 66
40,588 23
$43,555 89
3,829 39
$39,726 50
3,077 63
$4,000 00
,811 45
206 79
$1,000 00
Risks outstanding Dec. 31, 1899,
Risks written during 1900,
Total, ....
Risks terminated during 1900,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Risks and Premiums.
Amount.
9,370,919 00
2,718,974 00
$12,089,893 00
2,573,439 00
$9,516,454 00
348,567 00
Cash Prem's-
$132,668 51
40,588 23
$173,256 74
36,591 05
$136,665 69
4,829 91
$73,622 09
$45,882 84
$36,648 87
239 50
3,701 58
963 50
$41,553 45
$15,604 66
16,447 85
4,628 86
3,171 00
465 83
450 00
2,476 18
1,592 64
$44,837 02
Conting't Prem's.
$132,668 51
40,588 23
$173,256 74
36,591 05
$136,665 69
4,829 91
$9,167,887 00 $131,835 78 $131,835 78
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
$15,605 00
14 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO.
BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE
COMPANY, BOSTON.
[Incorporated March 15, 1850. Commenced business Oct. 15, 1850.]
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Massachusetts State bonds, .... $250,000 00 $271,325 00
Old Colony R.R. bonds, 120,000 00 134,250 00
Boston & Albany R.R. bonds, .... 50,000 00 54,500 00
Brookline town notes, 23,000 00 23,000 00
Boston & Maine R.R. bonds 50,000 00 63,500 00
Pennsylvania R.R. Co. bonds, .... 50,000 00 56,050 00
N.Y. Central R.R. bonds, 100,000 00 119,250 00
Boston & Lowell R.R. bonds, .... 75,000 00 78,750 00
Phila., Wil. & Baltimore R.R. bonds, . . 40,000 00 43,200 00
Eastern R.R. bonds ?5,000 00 28,500 00
United New Jersey Railway & Canal Co. bonds, 50,000 00 58,000 00
Boston city bonds 34,000 00 34,680 00
West End Street Railway Co. bonds, . . 33,000 00 36,300 00
Illinois Central R.R. bonds, .... 30,000 00 30,900 00
$930,000 00 $1,032,205 00
Summary of Assets Dec 31, 1900.
Stocks, bonds, etc., as per schedule,
Cash loans, ....
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes,
Gross liabilities. .
$1,032,205 00
5,300 00
11,390 91
18,491 16
11,570 83
$516,664 57
2,188 58
$1,078,957 90
518,853 15
Net cash assets, $560,104 75
Income.
Premiums on risks written or renewed, . . $1,086,396 59
Less reinsurance and return premiums, . . 44,801 91
Net cash premiums received, .... $ 1,041,594 68
Interest and dividends received from all sources, . . . 35,766 47
Gross cash income, $1,077,361 15
BRISTOL COUNTY MUTUAL FIRE INSURANCE CO.
15
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents, .
for inspections,
for repairs in office, .
for incidentals,
Gross cash expenditures, .
861,953 78
838,719 89
38,690 83
10.372 40
2,748 32
16,646 64
2,327 49
11,799 14
$983,258 49
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstand'g Dec. 31, 1899, $123,308,475 00 $930,999 56 $4,654,997 80
Risks written during 1900, . 145,661,403 00 1,086,396 59 5,431,982 95
Total, .... $268,969,878 00 $2,017,396 15 $10,086,980 75
Risks terminated during 1900, 131,531,705 00 984,067 00 4,920,335 00
In force at end of year, . .$137,438,173 00 $1,033,329 15 $5,166,645 75
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 89 T 3 5 2 F per cent.
$61,954 00
BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY,
NEW BEDFORD.
[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.]
JAMES TAYLOR, President. GEO. N. ALDEN, Secretary.
[Note. — Policies are all issued for five years, ten per cent, of the premium note being
received in cash at the time of issuing the policy. The notes are assessed as necessity
requires. No cash funds are accumulated.]
Summary of Assets Dec. 31, 1900.
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
$49 34
2,257 48
278 69
>,585 51
Liabilities.
Losses adjusted, unpaid, .
State and local taxes,
Commissions and brokerage,
Gross liabilities,
$200 00
5
40
35
11
$240 51
16
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash premiums received, ....
Received for extra premiums, ....
Interest and dividends received from all sources,
Income fees,
Gross cash income,
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$407 84
3,481 75
$3,889 59
278 69
$ 3,6 10 90
98 55
Gross cash expenditures, .
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, . . . $2,161,905 00
Risks written during 1900,
Total,
Risks terminated during 1900, .
In force at end of year,
Miscellaneous
Losses incurred during the year,
519,430 00
§2,681,335 00
653,380 00
$3,512 35
31 50
64 99
4 62
$3,613 46
|2,107
12
190
92
1,100 00
35
93
278
44
$3,712 41
Conting't Frem's.
$145,640 00
34,817 00
$180,457 00
44,068 00
$2,027,955 00 $136,389 00
$2,307 00
CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY,
CAMBRIDGE.
[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.]
DANA W. HYDE, President. ALFRED L. BARBOUR, Secretary.
Amount of permanent fund, $130,688 77
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Cambridge city bonds, $5,000 00 $5,510 00
Portland city bonds, 10,000 00 12,000 00
West End Street Railway bonds, . . . 9,000 00 9,200 00
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
17
North Packing Co. bonds,
Eastern R.R. bonds,
Boston & Lowell R.R bonds, .
Fitchburg R.R. bonds, ....
15 shares National City Bank, Cambridge,
1 share Framingham National Bank,
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash loans,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $1,422 96
Gross assets,
Par Value.
$5,000 00
1,500 00
5,000 00
9,000 00
1,500 00
100 00
Market Value.
$5,000 00
1,700 00
5,640 00
9,890 00
2,250 00
140 00
$46,100 00 $51,330 00
31, 1900.
$68,800 00
101,983 00
1,574 05
51,330 00
4,000 00
1,639 21
2,667 04
763 58
22,136 31
625 09
$255,518 28
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Due for borrowed money,
Commissions and brokerage, .
Gross liabilities, ....
Net cash assets,
$4,072 21
210 00
177,142 40
7,855 45
7,000 00
3,320 45
199,600 51
$55,917 77
Income.
Premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
$22,713 99
1,422 96
$21,291 03
107,645 39
$128,936 42
23,559 27
$105,377 15
5,203 83
,173 32
* Total value of property mortgaged,
Amount of insurance held as collateral,
$195,000 00
121,700 00
18
CITIZENS MUTUAL INSURANCE CO.
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
$512 90
3,387 34
2,874 61
5,289 38
Gross cash income, $112,237 55
Expenditures.
Cash paid for losses, ...
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for expense on real estate,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $22,271,130 00
Risks written during 1900, . 6,537,254 00
Total, $28,808,384 00
Risks terminated during 1900, . 6,502,765 00
In force at end of year, .
Deduct amount reinsured,
.$22,305,619 00
22,505 00
Cash Prem'8.
$353,552 90
107,645 39
$461,198 29
108,577 21
$352,621 08
314 65
$49,881 05
40,608 64
16,223 73
9,750 00
3,065 57
1,000 00
3,620 71
6,J80 66
$130,330 36
Conting't Prem'8.
$353,552 90
107,645 39
$461,198 29
108,577 21
$352,621 08
314 65
Net amount in force, . .$22,283,114 00 $352,306 43 $352,306 43
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
$48,977 00
CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated March 7, 1S46. Commenced business Oct. 6, 1S46.]
HENRY C. BIGELOW, President. T. WALLACE TRAVIS, Secretary.
Office, 8 Exchange Place.
Amount of permanent fund, $174,441 91
Detailed Statement of Stocks, Bonds, etc.
Par Value.
$3,000 00
1,500 00
500 00
4,000 00
1,800 00
30 shares Hide and Leather National Bank, .
15 " Natick National Bank,
5 " Farmington National Bank (N. H.),
Butchers' S. and M. Association bonds, .
Denver Land and Security Co. bonds,
Market Value.
$3,180 00
1,800 00
500 00
4,000 00
1,800 00
$10,800 00 $11,280 00
citizens' MUTUAL INSURANCE CO.
19
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Cash loans,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Rents due and accrued,
Gross assets, ....
$24,000 00
277,235 00
3,789 15
11,280 00
1,700 00
649 02
13,504 67
134 46
4,322 46
210 00
$336,824 76
Liabilities.
Unearned premiums on outstanding risks, . $204,330 95
Profits or surplus on terminated policies, unpaid, 2,515 38
Commissions and brokerage, . . . . 648 37
Gross liabilities,
207,494 70
Net cash assets, $129,330 06
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
$4,254 28
89,944 30
$94,198 58
4,322 46
$89,876
3,835
12
44
$86,040 68
690 78
13,769 97
895 29
1,293 75
other sources, .
•
• • • •
$102,690 47
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
$29,576 97
45,099 23
13,252 38
8,824 30
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral, .
$138,250 00
399,900 00
338,100 00
20 COH ASSET MUTUAL FIRE INSURANCE CO.
Cash paid for State and local taxes, $ 1,572 41
for rents, . 2,100 00
for expense on real estate, 572 54
for incidentals, 3,434 65
Gross cash expenditures, $ 104,432 48
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem'e.
Risks outstanding Dec. 31,1899,130,334,239 00 $416,724 91 $416,724 91
Risks written during 1900, . 6,358,850 00 89,944 30 89,944 30
Total, $36,693,089 00 $506,669 21 $506,669 21
Risks terminated during 1900, . 6,711,104 00 93,080 20 93,080 20
In force at end of year, . .$29,981,985 00 $413,589 01 $413,589 01
Deduct amount reinsured, . 47,100 00 640 87 640 87
Net amount in force, . . $29,934,885 00 $412,948 14 $412,948 14
Miscellaneous.
Losses incurred during the year, $28,277 00
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
COHASSET MUTUAL FIRE INSURANCE COMPANY, COH ASSET.
[Incorporated March 18, 1845. Commenced business March 16, 1846.]
CALEB F. NICHOLS, President. PHILANDER BATES, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
3 shares Merchants 1 National Bank, . . . f 300 00 $480 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, . . . f 480 00
Cash in the office of the company, ... 33 44
Cash deposited in bank, 440 45
Premiums in course of collection (gross), . 22 68
Office furniture, . . . . f 60 00
Gross assets, $976 57
Liabilities.
Unearned premiums on outstanding risks, .... 2,736 58
Balance against company, $1,760 01
COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 21
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends received from all sources,
$117 57
949 38
$1,066
22
95
68
$1,044
43
27
24
81,001 03
4 24
60 08
Gross cash income,
$1,065 35
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures,
$890 35
400 01
315 45
10 56
50 00
3 50
$1,669 87
Risks outstanding Dec. 31, 1899
Risks written during 1900,
Risks and Premiums.
Amount.
$356,725 00
61,250 00
Total, ....
Risks terminated during 1900,
In force at end of year,
$417,975 00
63,250 00
$354,725 00
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 15, 30 and 50 per cent.
Cash Prem's. Conting't Prem'a.
$5,528 62 $15,223 49
949 38 1,898 76
$6,478 00 $17,122 25
985 95 3,077 25
$5,492 05 $14,045 00
$409 00
COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSURANCE
COMPANY, BOSTON.
[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.]
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary.
Office, SI Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Fitchburg R.R. bonds $18,000 00 $20,295 00
Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 11,000 00
Metropolitan Street R.R. bonds, . . . 5,000 00 5,175 00
22 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO.
Maine Central R.R. bonds,
Portland & Ogdensburg R.R. bonds,
Lynn & Boston Street R.R. bonds,
Middlesex Street R.R. bonds, .
Highland Street R.R. bonds,
South Boston Street R.R. bonds,
West End Street R.R. bonds, .
Connecticut River R.R. bonds, .
Bangor & Aroostook R.R. bonds,
N. Y., N. H. & Hartford R.R. bonds,
Watertown town bonds, .
Taunton city bonds, .
Chicago (111.) city bonds, .
Boston & Lowell R.R. bonds, .
N. Y. Central & Hudson River R.R. bonds,
Chicago Terminal Transfer R.R. bonds,
New England Tel. & Tel. Co. bonds,
American Bell Telephone Co. bonds,
New England Cotton Yarn Co. bonds,
American Writing Paper Co. bonds,
American Tel. & Tel. Co. bonds,
Par Value.
$36,000 00
10,000 00
10,000 00
1,000 00
1,000 00
5,000 00
37,000 00
5,000 00
15,000 00
6,000 00
4,000 00
10,000 00
3,000 00
10,000 00
15,000 00
20,000 00
38,000 00
15,000 00
9,000 00
5,000 00
10,000 00
Market Value.
$40,210 00
10,925 00
11,300 00
1,042 50
1,015 00
5,275 00
39,235 00
5,025 00
17,325 00
7,035 00
4,185 00
11,100 00
3,247 50
10,425 00
14,700 00
19,000 00
39,300 00
15,000 00
9,360 00
3,500 00
9,900 00
$298,000 00 $314,575 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, ....
Net cash assets,
$314,575 00
4,104 27
37,416 71
3,785 51
9,470 46
$3,943 19
195,978 60
886 80
$369,351 95
200,808 59
$168,543 36
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
$6,377 44
406,548 87
Total, $412,926 31
Premiums now in course of collection, . . 9,470 46
Entire premiums collected, ....
Interest and dividends received from all sources, .
Gross cash income,
$403,455 85
12,508 09
$415,963 94
DEDHAM MUTUAL FIRE INSURANCE CO.
23
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for joint office expenses, .
for inspections,
for incidentals,
Gross cash expenditures, .
$76,643 67
275,451 59
9,199 85
5,190 85
9,756 10
10,617 76
1,763 90
1388,623 72
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, f 37,845,379 00 $323,370 36 $1,616,851 80
Risks written during 1900, . 48,962,780 00 406,548 87 2,032,744 35
Total,. ... .$86,808,159 00
Risks terminated during 1900, . 41,222,150 00
$729,919 23 $3,649,596 15
337,962 03 1,689,810 15
In force at end of year,
.145,586,009 00 $391,957 20 $1,959,786 00
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 80 per cent.
$79,518 00
DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 22, 1337. Commenced business July 1, 1837.]
J. WHITE BELCHER, President. JAMES Y. NOYES, Secretary.
Amount of permanent fund, ....'... $89,765 77
Detailed Statement of Stocks, Bonds, etc.
Par Value.
12 shares Dedham National Bank stock, . $1,200 00
32 " Dedham Water Co. stock, . . 3,200 00
128 " Atch., Top. & Santa Fe R.R. stock, . 12,800 00
50 " Union Pacific Railway stock, . . 5,000 00
13 " Lombard Liquidation Co. stock, . 65 00
Boston city bonds, 2,000 00
Cincinnati city bonds, 6,000 00
Salem city bonds, 3,000 00
Lynn city bonds 3,000 00
Fitchburg R.R. bonds, 5,000 00
Boston & Lowell R.R. bonds, .... 11,000 00
Kan. City, St. Jos. & Coun. Bluffs R.R. bonds, 2,000 00
Atch., Topeka & Santa Fe R.R. bonds, . . 12,000 00
Lombard Investment Co. bonds, . . . 1,580 00
New England Mortgage Security Co. bonds, . 2,000 00
Market Value.
$1,200 00
3,200 00
8,880 00
4,000 00
65 00
2,240 00
6,300 00
3,150 00
3,360 00
5,357 50
12,346 25
2,300 00
11,440 00
400 00
1,700 00
24
DEDHAM MUTUAL FIRE INSURANCE CO.
Newport & Richford R.R. bonds,
Philadelphia & Reading R.R. bonds,
Union Pacific Railway bonds, .
St. Johnsbury & Lake Champlain R.R. bonds
N. Y., New Haven & Hartford R.R. bonds,
N. H. Trust Co. bonds, ....
Western Security Co. bonds, .
Eastern R.R. bonds,
Boston & Maine R.R. bonds,
Par Value.
88,000 00
5,000 00
3,500 00
6,000 00
5,000 00
3,500 00
6,000 00
1,000 00
6,000 00
Market Value.
$8,856 25
6,350 00
3,500 00
7,500 00
5,450 00
2,000 00
1,200 00
1,130 00
7,500 00
§113,845 00 $109,425 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $38,300 00
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses claimed and reported, ....
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, ....
Gross liabilities,
Net cash assets, $103,026 19
Income.
Premiums outstanding Dec. 31, 1899, . . $2,344 64
Premiums on risks written or renewed, . . 31,473 17
Total, $33,817 81
Premiums now in course of collection, . . 3,372 76
Entire premiums collected, .... $30,445 05
Less reinsurance and return premiums, . . 368 43
Net cash premiums received, ....
Interest received on mortgages,
Interest and dividends received from all other sources. .
Gross cash income,
1,100 64
109,425 00
836 66
1,745 12
1,238 92
3,372 76
$156,019 10
$120 80
49,647 24
122 98
2,470 98
125 00
505 91
52,992 91
830,076 62
2,064 46
4,872 89
637,013 97
* Value of lands mortgaged $25,600 00
Value of buildings thereon, 47,500 00
Amount of insurance held as collateral, .... 47,65000
DORCHESTER MUTUAL FIRE INSURANCE CO.
25
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $6,141,945 00
Risks written during 1900, . 2,012,285 00
Total, . . .
Risks terminated during 1900, . 1,899,453 00
In force at end of year,
Cash Prem's.
$95,606 96
31,473 17
,154,230 00 $ 127,080 13
30,293 41
$11,558 43
14,243 07
4,406 47
4,496 42
358 14
145 00
901 76
$36,109 29
Conting't Prem's.
$95,606 96
31,473 17
$127,080. 13
30,293 41
,254,777 00 $96,786 72 $96,786 72
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 25, 50 and 70 per cent.
$11,679 00
DORCHESTER MUTUAL FIRE INSURANCE COMPANY,
BOSTON.
[Incorporated February, 1855. Commenced business July, 1855]
THOMAS F. TEMPLE, President. W. D. C CURTIS, Secretary.
Office, Neponset.
Amount of permanent fund, $200,000 00
Detailed Statement of Stocks,
Fitchburg R.R. bonds, ....
Chicago, Burlington & Quincy R.R. bonds,
56 shares Blue Hill National Bank,
12 '
10 '
33 '
10 '
5 '
10 '
304
273
75
Hide and Leather National Bank,
New England National Bank,
State National Bank,
Mt. Wollaston National Bank,
Granite National Bank, .
Weymouth National Bank,
Boston & Albany Railroad,
Old Colony Railroad,
Boston & Maine Railroad,
Bonds, etc.
Par Value.
$22,000 00
10,000 00
5,600 00
1,200 00
1,000 00
3,300 00
1,000 00
500 00
1,000 00
30,400 00
27,300 00
7,500 00
Market Value.
$24,557 50
11,062 50
5,880 00
1,368 00
1,550 00
3,795 00
1,400 00
650 00
1,000 00
77,520 00
55,692 00
14,700 00
26
DORCHESTER MUTUAL FIRE INSURANCE CO.
56 shares Boston & Lowell Railroad,
123 " Boston Lead MTg Co., .
300 " International Trust Co., .
Par Value.
$5,600 00
12,300 00
30,000 00
Market Value.
$13,552 00
12,300 00
90,000 00
$158,700 00 $315,027 00
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Interest due and accrued, ....'.
Premiums in course of collection (gross),
Rents due and accrued,
Prem's more than three mos. due, $2,125 10
Gross assets,
Liabilities.
Losses claimed and reported, ....
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Due for borrowed money, ....
Commissions and brokerage, ....
Gross liabilities,
31,
1900.
$22,000 00
21,588 13
1,400 00
315,027 00
250 00
18,433 84
120 00
$378,818 97
$3,525 00
226,668 47
2,250 00
16,201 31
2,681 60
251,326 38
Net cash assets, $127,492 59
Income.
Premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total, . . . . • .
Premiums now in course of collection* .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from borrowed money .
Gross cash income, $159,819 08
$16,659 52
1,350 00
$15,309 52
154,302 14
$169,611 66
20,558 94
$149,052 72
3,548 36
sources,
$145,504 36
758 03
753 84
11,677 85
1,125 00
$1,201 31
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$17,000 00
20,400 00
19,000 00
FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 27
Expenditures.
Cash paid for losses, .....
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for repairs on real estate,
for interest on borrowed money,
for incidentals,
Gross cash expenditures,
Risks and Premiums. '
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1899, $29,803,506 00 $ 459,483 85
Risks written during 1900, . 9,801,099 00 154,302 14
$60,348 30
64,023
29
23,725
08
9,043 87
2,900
33
695 00
657
90
691
67
2,336
12
$164,421
56
Conting't Prem's.
|459,483
85
154,302
14
Total, $39,604,605 00 $613,785 99
Risks terminated during 1900, . 10,287,170 00 158,041 68
In force at end of year, .
Deduct amount reinsured,
,317,435 00 $455,744 31
28,550 00 291 15
$613,785 99
158,041 68
$455,744 31
291 15
Net amount in force, . . $29,288,885 00 $455,453 16 $455,453 16
Miscellaneous.
Losses incurred during the year, $61,588 00
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
FALL RIVER MANUFACTURERS' MUTUAL INSURANCE
COMPANY, FALL RIVER.
[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.]
THOMAS J. BORDEN, President. CHARLES S. WARING, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value.
Taunton city bonds, $15,000 00
Fall River city bonds,
Boston city bonds,
Newport (R. I.) city bonds,
Cleveland (O.) city bonds,
Boston & Lowell R.R. bonds,
Boston & Providence R.R. bonds,
Concord & Montreal R.R. bonds,
21,000 00
40,000 00
20,000 00
25,000 00
30,000 00
20,000 00
15,000 00
Market Value.
$17,025 00
23,505 00
43,600 00
22,700 00
28,375 00
31,300 00
22,300 00
16,575 00
28 FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO.
Chicago, Burlington & Quincy R.R. bonds,
Phila., Wilmington & Baltimore R.R. bonds,
Old Colony R.R. bonds, ....
Boston & Maine R.R. bonds,
West End Street Railway bonds,
Par Value.
$15,000 00
20,000 00
30,000 00
10,000 00
15,000 00
Market Value.
116,650 00
22,000 00
34,650 00
11,650 00
15,900 00
$276,000 00 $306,230 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$306,230 00
575 10
54,897 51
3,890 92
2,177 10
£367,770 63
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
$160,021 88
654 86
160,676 74
Net cash assets, $207,093 89
Income.
Premiums outstanding Dec. 31, 1899, . . 83,928 40
Premiums on risks written or renewed, . . 334,914 25
Total, $338,842 65
Premiums now in course of collection, . . 2,177 10
Entire premiums collected, .... $336,665 55
Less reinsurance and return premiums, . . 13,293 32
Net cash premiums received, .... $323,372 23
Interest and dividends received from all sources, . . . 12,756 55
Gross cash income, $336,128 78
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
for incidentals, ....
$23,146 48
267,314 83
11,457 63
3,183 96
504 00
5,013 96
2,179 04
Gross cash expenditures,
$312,799 90
FITCHBURG MUTUAL FIRE INSURANCE CO.
29
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $37,141,127 00
Risks written during 1900, . 42,911,539 00
Cash Prem's. Conting't Prem's.
$296,121 14 $1,480,605 70
334,914 25 1,674,571 25
Total, $80,052,666 00
Risks terminated during 1900, . 39,288,704 00
$631,035 39 $3,155,176 95
310,991 64 1,554,958 20
In force at end of year,
.$40,763,962 00 $320,043 75 $1,600,218 75
Miscellaneous.
Losses incurred during the year, . .
Profits or surplus returned during 1900, 89^% per cent.
$23,146 00
FITCHBURG MUTUAL FIRE INSURANCE COMPANY,
FITCHBURG.
[Incorporated March 23, 1847.
HENRY G. MORSE, President.
Amount of permanent fund,
Commenced business Sept. 1, 1847.]
LINCOLN R. WELCH, Secretary.
Detailed Statement of Stocks,
Fitchburg & Leominster St. Railway bonds,
Investment Trust Co. of America bonds, .
Minnesota Thresher Manufacturing Co. bonds
City of Fitchburg water bonds,
10 shares Fitchburg National Bank,
20
70
15
25
25
10
Rollstone National Bank, .
Fitchburg R.R. Co., .
Springfield Safe Dep. & Trust Co.,
Pullman Palace Car Co., .
N. Y., New Haven & Hartford R.R.,
Boston & Maine R.R.,
Bonds, etc.
Par Value.
$5,000 00
7,500 00
24,000 00
5,000 00
1,000 00
2,000 00
7,000 00
1,500 00
2,500 00
2,500 00
1,000 00
,226 50
Market Value.
$5,500 00
5,000 00
24,000 00
5,000 00
1,500 00
3,000 00
9,800 00
2,400 00
5,000 00
5,275 00
1,950 00
Securities held as collateral for cash loans : —
80 shares Simonds' Manufacturing Co., .
2 Fitchburg Savings Bank books, .
$59,000 00 $68,425 00
Market Value. Loaned Thereon.
$12,000 00 $6,200 00
1,659 00 1,600 00
$13,659 00 $7,800 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $70,000 00
Loans on mortgage of real estate (first liens *), 34,425 00
* Value of lands mortgaged, $21,600 00
Value of buildings thereon, . 42,100 00
Amount of insurance held aa collateral, .... 39,040 00
30
FITCHBURG MUTUAL FIRE INSURANCE CO.
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$1,141 47
68,425 00
7,800 00
3,021 42
14,742 92
1,809 57
10,138 85
222 38
$211,726 61
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid
Due for borrowed money,
Commissions and brokerage, .
Gross liabilities,
Net cash assets,
$5,195 38
987 75
121,407 01
1,758 62
10,000 00
1,520 83
140,869 59
$70,857 02
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses, ....
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures,
$12,204 19
97,524 88
$109,729 07
10,138 85
$99,590 22
4,382 40
sources,
$44,297 22
1,284 78
$95,207 82
353 51
1,937 90
(3,372 37
3,698 49
$104,570 09
$43,012 44
22,726 30
14,837 98
7,116 59
2,163 98
1,200 00
11,370 37
$102,427 66
GROVEL AND MUTUAL FIRE INSURANCE CO.
31
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1899, $18,243,804 00 $244,793 46
Risks written during 1900, . 6,936,158 00 97,524 88
Total, $25,179,962 00 $342,318 34
Risks terminated during 1900, . 7,186,841 00 103,151 84
In force at end of year, . . $17,993,121 00 $239,166 50
Deduct amount reinsured, . 154,033 00 2,225 04
Conting't Prem's.
$244,793 46
97,524 88
$342,318 34
103,151 84
$239,166 50
2,225 04
Net amount in force, . . $17,839,088 00 . $236,941 46 $236,941 46
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 20 and 50 per cent.
$46,263 00
GROVELAND MUTUAL FIRE INSURANCE COMPANY,
GROVELAND.
[Incorporated March 28, 1828. Commenced business March 28, 1828.]
HERSCHEL A. SPOFFORD, President. LOUIS A. WOODBURY, Secretary.
[Note. — This company charges no cash premiums, but relies upon assessments on
deposit notes to pay losses and expenses.]
Summary of Assets Dec. 31, 1900.
Cash deposited in bank,
Income.
Interest and dividends received from all sources, .
Income from policy fees,
Assessments on deposit notes,
Gross cash income,
$435 92
$32 88
560 00
563 69
$1,156 57
Expenditures.
Cash paid for losses, ...
for salaries of officers and employees,
for State and local taxes,
for rents, .
Assessments returned,
Cash paid for incidentals,
Office furniture,
Gross cash expenditures, .
$187 77
609 69
4 48
40 00
420 05
73 47
. $175 77
$1,335 46
32
HAMPSHIRE MUTUAL FIRE INSURANCE CO.
Risks outstanding Dec. 31, 1899,
Risks written during 1900,
Risks and Premiums.
Amount. Conting't Prem'«.
. 11,753,790 00 $126,097 11
423,969 00 33,122 15
Total, ....
Risks terminated during 1900,
In force at end of year,
£2,177,759 00 $159,219 26
549,736 00 40,523 90
$ 1,628,023 00 §118,695 36
Miscellaneous.
Losses incurred during the year,
Assessments laid on deposit notes or contingent premiums,
$188 00
564 00
HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY,
NORTHAMPTON.
[Incorporated March 6, 1S30. Commenced business July 1, 1832.]
CHARLES N. CLARK, President. OLIVER WALKER, Secretary.
Amount of permanent fund,
$27,523 66
Detailed Statement of Stocks, Bonds, etc.
Par Value.
63 shares Conn. River R.R., .... $6,300 00
10 " Northampton National Bank, . . 1,000 00
25 " Chicago, Burl. & Quincy R.R., . . 2,500 00
Chicago, Burlington & Quincy R.R. bonds, . 400 00
Conn. River R.R. scrip dividend, . . . 1,000 00
Market Value.
$17,199 00
2,000 00
3,550 00
568 00
1,000 00
$11,200 00 $24,317 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $19,200 00
Interest due or accrued thereon, . . . 462 26
Stocks, bonds, etc., as per schedule, . . . 24,317 00
Cash in the office of the company, ... 18 14
Cash deposited in bank, 3,008 71
Interest due and accrued, 408 91
Gross assets, 647,415 02
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
811,000 00
30,000 00
24,700 00
HAMPSHIRE MUTUAL FIRE INSURANCE CO.
33
Liabilities.
Unearned premiums on outstanding risks, . $ 28,123 25
Profits or surplus on terminated policies, unpaid, 184 55
Due and accrued for rent, salaries, etc., . 28 00
State and local taxes, ..... 30 40
Gross liabilities,
#28,366 20
Net cash assets, $19,048 82
Income.
Premiums on risks written or renewed,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources,
Gross cash income, .
$16,926 39
253 66
$16,672 73
76 72
860 00
974 53
• •
irces, .
•
$18,583 98
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures, ....
$4,448 81
6,404 46
2,056 90
1,461 00
163 91
150 00
280 27
.
$14,965 35
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $3,701,007 00 $52,583 72 $52,583 72
Risks written during 1900, . 1,037,148 00 16,926 39 16,926 39
In force at end of year, . . $3,655,216 00 $53,769 48
Total $4,738,155 00 $69,510 11 $69,510 11
Risks terminated during 1900, . 1,082,939 00 15,740 63 15,740 63
,769 48
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 20, 40 and 50 per cent.
$3,957 00
34
HINGHAM MUTUAL FIRE INSURANCE CO.
HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM.
[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.]
WM. FEARING, 2d, President. HENRY W. CUSHING, Secretary.
Amount of permanent fund, $193,042 98
Detailed Statement of Stocks,
30 shares Hingham National Bank, Hingham
60 '
8 "
12 ■
34 ■
11 «
30 ■
50 '
92 '
109 '
33 •
25 '
4 Old Colony Nafl Bank, Plymouth
' Abington Nat'l Bank, Abington,
' Union National Bank, Boston,
• State National Bank, Boston, .
' Commerce National Bank, Boston
1 Webster National Bank, Boston,
' Hingham Water Company,
' Old Colony Railroad,
• Boston & Albany Railroad,
* Chicago, Burlington & Quincy R.R.
* Union Pacific R.R., .
Eastern Railroad bonds, ....
Union Pacific Railroad bonds, .
Chicago, Burlington & Quincy Railroad bonds
Fitchburg Railroad bonds,
Hingham Water Company bonds, .
Securities held as collateral for cash loans :
200 shares Helena Water Co., .
Helena Water Co. scrip, ....
200 shares Metropolitan Steamship Co., .
210 " Massachusetts Electric Co., .
International Paper Co. bonds,
300 shares International Paper Co. stock,
Little Rock and Fort Smith bonds, .
Colorado Southern R.R. bonds,
48 shares Colorado Southern R.R. stock, .
:i
Bonds, etc.
Par Value.
$3,000 00
6,000 00
800 00
1,200 00
3,400 00
1,100 00
3,000 00
5,000 00
9,200 00
10,900 00
3,300 00
2,500 00
5,000 00
5,000 00
5,000 00
15,000 00
10,000 00
Market Value.
$3,120 00
7,500 00
840 00
1,620 00
3,706 00
1,265 00
3,000 00
6,000 00
18,860 00
27,795 00
4,884 00
2,100 00
5,700 00
5,287 50
5,400 00
15,750 00
10,500 00
$89,400 00 $123,327 50
Market Value.
$20,000 00
70,000 00
11,745 00
Loaned Thereon.
$15,923 11
25,000 00
8,000 00
32,700 00 25,000 00
16,956 00 12,000 00
$151,401 00 $85,923 11
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $31,687 10
Loans on mortgage of real estate (first liens *), 113,475 00
Interest due or accrued thereon, . . . 1,545 95
Stocks, bonds, etc., as per schedule, . . 123,327 50
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
856,250 00
149,100 00
124,300 00
HINGHAM MUTUAL FIRE INSURANCE CO.
35
Loans on collateral security, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Rents due and accrued,
Gross assets,
Liabilities.
Losses adjusted, unpaid,
Losses claimed and reported, ....
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Gross liabilities,
,923 11
264 78
10,664 28
1,101 61
192 00
$2,075 00
254 60
191,376 95
3,348 08
$368,181 33
197,054 63
Net cash assets $171,126 70
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
41
79,778 70
$79,867 11
3,017 49
sources,
Gross cash income, ....
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures,
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1899, $27,916,412 00 $414,785 38
Risks written during 1900, . 5,308,595 00 79,778 70
$76,849 62
1,568 97
5,584 01
9,762 51
828 90
$94,594 01
Total, $33,225,007 00
Risks terminated during 1900, . 5,517,906 00
$494,564 08
82,614 74
$38,386 50
44,295 43
11,524 79
6,379 86
1,440 21
1,931 38
$103,958 17
Conting't Prem's.
$414,785 38
79,778 70
$494,564 08
82,614 74
In force at end of year, . . $27,707,101 00
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 40 and 60 per cent.
$411,949 34 $411,949 34
$38,515 00
36
HOLYOKE MUTUAL FIRE INSURANCE CO.
HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated March 14, 1843. Commenced business May 23, 1843.]
CHARLES H. PRICE, President. LOUIS O. JOHNSON, Secretary.
Guaranty Capital, $100,000.
Amount of permanent fund, $494,105 40
Detailed Statement of
Allen County (Ind.) bonds,
Wayne County (Mich.) bonds, .
Marion County (Ind.) bonds, .
Washington County (111.) bonds,
Billerica (Mass.) town bonds, .
Cincinnati (Ohio) city bonds, .
Columbus (Ohio) city bonds, .
Cleveland (Ohio) city bonds, .
Cambridge (Mass.) city bonds,
Dayton (Ohio) city bonds,
Evansville (Ind.) city bonds, .
Dover (N. H.) city bonds,
Fitchburg (Mass.) city bonds, .
Jersey City (N. J.) city bonds,
Lynn (Mass.) city bonds, .
Lawrence (Mass.) city bonds, .
Maiden (Mass.) city bonds,
New Haven (Conn.) city bonds,
Orange (N. J.) city bonds,
Pawtucket (R. I.) city bonds, .
Province of Quebec bonds,
St. Paul (Minn.) city bonds,
Boston & Lowell R.R. bonds, .
Atch., Topeka & Santa Fe R.R. bonds,
Boston & Maine R.R. bonds, .
Baltimore & Ohio R.R. bonds, .
Burl. & Missouri River R.R. (Neb.) bonds,
Cincin., Hamilton & Dayton R.R. bonds,
Chesapeake & Ohio R R. bonds,
Cleveland, L. & Wheeling R.R. bonds,
Chicago & Alton R R. bonds, .
Chicago & Eastern Illinois R.R. bonds,
Chicago & West Indiana R.R. bonds,
Central Pacific R.R. bonds,
Central New Jersey R.R. bonds,
Central Vermont R.R. bonds, .
Erie & Pittsburg R.R. bonds, .
Stocks, Bonds, etc.
Par Value.
$10,000 00
10,000 00
5,000 00
2,000 00
1,000 00
16,000 00
15,000 00
8,000 00
5,000 00
10,000 00
6,000 00
5,000 00
2,000 00
5,000 00
12,000 00
5,000 00
10,000 00
5,000 00
10,000 00
10,000 00
3,000 00
25,000 00
6,000 00
14,000 00
10,000 00
12,000 00
10,000 00
10,000 00
10,000 00
15,000 00
5,000 00
5,000 00
8,000 00
3,500 00
7,000 00
2,000 00
5,000 00
Market Value.
$10,000 00
10,500 00
5,250 00
2,037 50
1,000 00
17,152 50
16,375 00
8,590 00
5,693 75
10,181 25
6,270 00
5,150 00
2,040 00
5,750 00
12,940 00
5,681 25
10,475 00
5,131 25
12,050 00
11,100 00
3,270 00
29,287 50
6,565 00
14,350 00
10,275 00
11,600 62
10,050 00
10,800 00
11,600 00
16,500 00
5,237 50
5,625 00
9,520 00
3,458 75
9,065 00
1,820 00
5,125 00
HOLYOKE MUTUAL FIRE INSURANCE CO.
37
Fitchburg R.R. bonds,
Housatonic R.R. bonds,
Jackson, Lansing & Saginaw R.R. bonds
Kan. City, St. Jos. & C. B. B.R. bonds,
Kan. City, Ft. S. & Memphis R.R. bonds,
Lehigh Valley R.R. bonds,
Maine Central R.R. bonds,
Norwich & Worcester R.R. bonds,
New England R.R. bonds,
Narragansett Pier R.R. bonds, .
New Haven & Derby R.R. bonds,
Northwestern Union R.R. bonds,
N. Y., Ontario & Western R.R. bonds,
St. Paul, Minn. & Manitoba R.R. bonds,
Old Colony R.R. bonds, .
Terre Haute & Southeastern R.R. bonds,
Union Pacific R.R. bonds, ....
Boston Building Co., Denver, Col., bonds,
Col. M. S. Exchange, Denver, Col., bonds,
Delaware & Hudson Canal Co. bonds,
Keokuk Water Co. bonds,
Western Union Telegraph Co. bonds,
American Mail Steamship Co. bonds,
American Cotton Oil Co. bonds,
Clinton Water Co. bonds (Clinton, la.), .
5 shares Boston & Maine R.R.,
31 " Old Colony R.R., .
55 " N. Y., New Haven & Hart. R.R.,
100 " Pitts., Ft. Wayne & Chic. R.R.,
162 " Union Pacific R.R., .
10 " First National Bank, Salem, .
10 " Merchants' National Bank, Salem,
35 " Mercantile National Bank, Salem,
41 " Naumkeag National Bank, Salem,
140 " Salem National Bank, Salem,
30 " Atlantic National Bank, Boston,
10 " Blackstone National Bank, Boston
31 " Freeman's National Bank, Boston,
100 " Merchants 1 National Bank, Boston
50 " Republic National Bank, Boston,
10 " Shawmut National Bank, Boston,
100 " Second National Bank, Boston,
40 u Shoe & Leather Nat'l B'k, Boston,
10 " Beverly National Bank, Beverly,
12 " First National B'k, Newburyport,
National Exchange Bank, Salem,
H. B. Claflin Co.
Par Value.
$10,000 00
10,000 00
6,000 00
5,000 00
13,000 00
15,000 00
4,000 00
5,000 00
25,000 00
10,000 00
20,000 00
8,000 00
20,000 00
10,000 00
15,000 00
5,000 00
22,500 00
10,000 00
10,000 00
5,000 00
10,000* 00
5,000 00
4,000 00
10,000 00
5,000 00
5,000 00
3,100 00
5,500 00
10,000 00
16,200 00
1,000 00
500 00
3,500 00
4,100 00
14,000 00
3,000 00
3,100 00
10,000 00
5,000 00
1,000 00
10,000 00
4,000 00
1,000 00
1,200 00
2,000 00
Market Value.
$10,875 00
13,500 00
6,030 00
5,800 00
14,950 00
16,800 00
4,500 00
5,662 50
33,000 00
10,700 00
22,900 00
11,440 00
21,300 00
11,425 00
16,825 00
5,250 00
23,765 62
10,000 00
10,000 00
7,193 75
10,000 00
5,550 00
4,000 00
9,975 00
5,125 00
9,750 00
6,293 00
11,632 50
18,700 00
13,770 00
800 00
650 00
3,605 00
5,130 12
12,600 00
3,483 75
150 00
3,100 00
16,500 00
7,000 00
1,700 00
17,500 00
5,220 00
1,432 50
1,500 00
600 00
2,040 00
,200 00 $767,240 61
38
HOLYOKE MUTUAL FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Liabilities
Losses adjusted, unpaid, ....
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, .
$60,360 00
43,500 00
368 59
767,240 61
2,708 67
8,028 58
8,426 07
609 47
30 00
tqqi 071 no
$154 50
200 00
281,083 39
454 84
a, 1,371 16
178 40
Gross liabilities, except guaranty capital,
Guaranty capital,
Total,
$283,442 29
100,000 00
383,442 29
Net cash assets, $507,829 70
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$2,975 49
152,619 89
$155,595 38
609 47
$154,985 91
5,816 97
sources,
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses, ....
347,834 31
43 56
$149,168 94
374 79
1,342 73
32,282 22
2,238 30
$185,406 98
$47,790 75
* Value of lauds mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$34,500 00
S^500 00
57,450 00
INDUSTRIAL MUTUAL INSURANCE CO.
39
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for dividends to guaranty capital, .
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $39,696,614 00
Risks written during 1900, . 10,259,909 00
$71,045 29
22,908 90
16,181 38
2,706 80
7,000 00
5,338 64
$172,971 76
Cash Prem'8. Conting't Prem's.
$570,701 70 $570,701 70
152,619 89 152,619 89
Total, . . . . . $49,956,523 00
Risks terminated during 1900, . 10,540,363 00
$723,321 59 $723,321 59
155,856 22 155,856 22
In force at end of year, .
Deduct amount reinsured,
.$39,416,160 00
156,142 00
$567,465 37 $567,465 37
2,386 19 2,386 19
Net amount in force, . . $39,260,018 00
Miscellaneous.
Losses incurred during the year,
$565,079 18 $565,079 18
. $47,981 00
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 17, 1890. Commenced business June 1, 1890.]
"B. F. TAFT, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
West End Street R.R. bonds, .... $40,000 00 $43,200 00
Fitchburg R.R. bonds, 20,000 00 21,875 00
Lynn & Boston R.R. bonds, .... 5,000 00 5,650 00
Maine Central R.R. bonds, .... 15,000 00 16,200 00
Connecticut River R.R. scrip, .... 5,000 00 5,025 00
N. Y., N. H. & Hartford R.R. bonds, . . 2,000 00 2,345 00
Watertown town bonds 3,000 00 3,138 75
Taunton city bonds, 5,000 00 5,550 00
Boston & Lowell R.R. bonds, .... 5,000 00 5,212 50
N. Y. Central & Hudson River R.R. bonds, . 10,000 00 9,800 00
Chicago Terminal Transfer R.R. bonds, . . 10,000 00 9,500 00
N. E. Telephone & Telegraph Co. bonds, . 35,000 00 36,950 00
New England Cotton Yarn Co. bonds, . . 9,000 00 9,360 00
American Writing Paper Co. bonds, . . 20,000 00 14,000 00
Corporation note, 17,500 00 17,500 00
American Telephone and Telegraph Co. bonds, 7,000 00 6,930 00
$208,500 00 $212,236 25
40
INDUSTRIAL MUTUAL INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, . ,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
$212,236 25
275 28
21,142 85
3,306 59
7,045 86
$2,852 35
111,408 29
572 89
$244,006 83
114,833 53
$129,173 30
$4,467 82
269,252 05
Total, $273,719 87
Premiums now in course of collection, . . 7,045 86
Entire premiums collected, ....
Interest and dividends received from all sources, .
$266,674 01
8,569 61
Gross cash income, $275,243 62
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for joint office expenses, .
for inspections,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1899, $24,714,364 00 $199,008 54
Risks written during 1900, . 32,250,593 00 269,252 05
Total, $56,964,957 00
Risks terminated during 1900, . 27,214,717 00
$468,260 59
245,444 01
$51,801 37
177,586 23
5,394 79
2,999 56
11,549 28
4,474 97
1,264 14
$255,070 34
Conting't Prem's.
$995,042 70
1,346,260 25
$2,341,302 95
1,227,220 05
In force at end of year, . . $29,750,240 00
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 80 per cent.
$222,816 58 $1,114,082 90
$53,650 00
LOWELL MUTUAL FIRE INSURANCE CO.
41
LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL.
[Incorporated March 6, 1832. Commenced business April, 1832.]
JAMES C. ABBOTT, President. JOSEPH PEABODY, Secretary.
Amount of permanent fund Dec. 31, 1899,
Increase during the year, ....
Permanent fund Dec. 31, 1900, .
Detailed Statement of Stocks,
United States bonds, ....
Boston & Lowell R.R. bonds, .
Fitchburg R.R. bonds,
Central R.R. of Vermont bonds,
Boston city bond, ....
Maine Central R.R. bonds,
30 shares Lowell Bleachery, .
2 " Pacific Mills, .
10 " Lawrence Manufacturing Co.,
2 " Hamilton Manufacturing Co.,
50 " Massachusetts Cotton Mills,
36 " Appleton Co., .
132 " Merrimack Manufacturing Co.
,50 " Franklin Manufacturing Co.,
30 " Hill Manufacturing Co.,
6 " Vermont & Massachusetts R.R.,
30 " Boston & Maine R.R., .
20 " Boston & Lowell R.R., .
20 " First National Bank, Lowell,
65 " Lowell & Andover R.R., .
70 " Bigelow Carpet Co.,
50 " American Woolen Co., .
Bonds, etc.
Par Value.
$1,000 00
12,000 00
10,000 00
1,000 00
2,000 00
6,000 00
3,000 00
2,000 00
1,000 00
2,000 00
5,000 00
3,600 00
13,200 00
5,000 00
3,000 00
600 00
3,000 00
2,000 00
2,000 00
6,500 00
7,000 00
5,000 00
$95,219 37
5,262 87
$100,482 24
Market Value.
$1,120 00
12,885 00
10,722 00
917 00
2,120 00
6,420 00
2,100 00
3,900 00
1,505 00
1,710 00
5,000 00
4,320 00
14,388 00
5,100 00
1,252 00
1,026 00
5,880 00
4,840 00
3,000 00
13,975 00
5,950 00
3,900 00
$95,900 00 $112,030 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $16,350 00
Interest due or accrued thereon, . . . 224 00
Stocks, bonds, etc., as per schedule, . . . 112,030 00
Cash in the office of the company, . . . 605 02
Cash deposited in bank, 32,176 09
Interest due -and accrued, 1,875 50
Premiums in course of collection (gross), . 6,076 11
Gross assets, $169,336 72
* Value of lands mortgaged, j. $20,000 00
Value of buildings thereon, ' 20,000 00
Amount of insurance held as collateral 16,500 00
42
LOWELL MUTUAL FIRE INSURANCE CO.
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid
Commissions and brokerage, .
Gross liabilities,
Net cash assets,
$1,158 25
66,955 32
1,588 56
826 38
$70,528 51
$98,808 21
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from agency department,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employ
for State and local taxes,
for rents, ....
for incidentals,
Gross cash expenditures, .
$6,154 68
44,158 27
$50,312 95
6,076 11
$44,236 84
778 39
sources,
ees,
$43,458
45
137
51
788 00
5,907
03
1,555 56
151,846 55
111,151
99
16,221
98
5,540
76
6,030 87
551
60
650 00
1,825
02
$41,972
22
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $7,963,348 00 $127,506 39 f 127,506 39
Risks written during 1900, . 2,846,730 00 44,158 27 44,158 27
Total, $10,810,078 00 $171,664 66 $171,664 66
Risks terminated during 1900, . 2,470,084 00 39,537 91 * 39,537 91
In force at end of year, . . $8,339,994 00 $ 132,126 75 $132,126 75
Deduct amount reinsured, . 47,612 00 607 98 607 98
Net amount in force, .
1,292,382 00 $131,518 77 $131,518 77
LUMBER MUTUAL FIRE INSURANCE CO.
43
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 25, 50 and 70 per
cent., and 20, 40 and 60 per cent.
$11,100 00
LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.]
WM. C. JOHNSON, President. E. J. JOHNSON, Secretary.
Office, 53 State Street.
Detailed Statement op Bonds.
Par Value. Market Value.
United States government bonds, . . . $ 2,000 00 $2,200 00
Summary of Assets Dec. 31, 1900.
Bonds, as per schedule, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, .....
$2,200 00
23 50
52,694 43
124 79
2,850 62
$57,893 34
Liabilities.
Unearned premiums on outstanding risks,
Due for inspections,
Gross liabilities,
$24,705 60
15 49
24,721 09
Net cash assets,
$33,172 25
Income.
Premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources, .
13,886 38
216 25
$3,670 13
56,689 36
$60,359 49
2,850 62
$57,508 87
6,962 49
$50,546 38
1,836 16
Gross cash income, $52,382 54
44
LYNN MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $2,008,276 00
Risks written during 1900, . 2,586,868 00
Total, $4,595,144 00
Risks terminated during 1900, . 2,297,278 00
$22,154 92
8,432 85
7,900 32
652 44
636 00
5,476 63
$45,253 16
Cash Prem's.
Conting't Prem's.
$42,623 57
$127,870 71
56,689 36
170,068 08
$99,312 93
49,901 73
|297,938 79
149,705 19
In force at end of year,
$2,297,866 00 $49,411 20 $148,233 60
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 20 per cent.
$22,080 00
LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN.
[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1S28.]
RUFUS KIMBALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary.
Amount of permanent fund, $56,910 38
Detailed Statement of Stocks,
40 shares First National Bank, Lynn,
20 " National City Banji, Lynn,
5 " Central National Bank, Lynn, .
10 " Merchants' National Bank, Boston,
15 " West Newton National Bank, .
Chicago, Milwaukee & St. Paul R.R. bond,
Southern Pacific R.R. bond,
Atlantic & Pacific R.R. bond, .
Mexican Central R.R. bond,
Chicago & Great Western R.R. bonds, .
Ohio & West Virginia R.R. bond, .
Ogdensburg & Lake Champlain R.R. bonds,
Equitable Securities Co. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Atchison, Topeka & Santa Fe R.R. stock,
Atchison, Topeka & Santa Fe R.R. scrip,
)ks, Bonds, etc.
Par Value.
Market Value.
$4,000 00
$4,600 00
2,000 00
3,000 00
500 00
750 00
1,000 00
1,590 00
1,500 00
1,890 00
1,000 00
1,160 00
500 00
575 00
99 00
99 00
1,000 00
740 00
2,000 00
2,100 00
1,000 00
1,100 00
2,000 00
2,060 00
800 00
700 00
3,000 00
2,850 00
4,520 00
3,842 00
450 00
475 00
$25,369 00
$27,531 00
LYNN MUTUAL FIRE INSURANCE CO,
45
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
All other cash loans, ....
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Prem's more than three mos. due, $77 80
Gross assets,
31, 1900.
$4,860 04
27,700 00
1,028 29
27,531 00
2,389 20
120 41
174 90
406 10
32 25
$64,242 19
Liabilities.
Losses adjusted, unpaid, $25 50
Unearned premiums on outstanding risks, . 15,333 52
Profits or surplus on terminated policies, unpaid, 403 80
Gross liabilities, ....
Net cash assets,
Income
Premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from all other sources,
Gross cash income,
other
Expenditures
Cash paid for losses, ....
as profits on terminated policies,
for salaries of officers,
for State and local taxes,
#111 30
43 30
$68 00
6,953 02
$7,021 02
110 05
$6,910 97
223 26
sources,
15,762 82
$48,479 37
$6,687
71
11
15
1,433 58
1,356
29
62
24
$9,550 97
$1,464 47
4,879 85
2,200 00
71 97
* Value of lands mortgaged $26,550 00
Value of buildings thereon 39,900 00
Amount of insurance held as collateral 38,800 00
46 merchants' and farmers' mutual FIRE INSURANCE CO.
Cash paid for rents,
Cash paid for incidentals,
Gross cash expenditures,
Risks and Premiums.
Amount. Cash Prems.
Risks outstanding Dec. 31,1899, $2,152,111 00 $29,303 31
Risks written during 1900, . 471,245 00 6,953 02
Total, $2,623,356 00 $36,256 33
Risks terminated during 1900, . 473,635 00 6,662 56
In force at end of year, . . $2,149,721 00 $29,593 77
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 30, 60 and 80 per cent.
$432 00
334 69
f 9,382 98
Conting't Prem'i.
$58,606 62
13,906 (>i
^72,512 66
13,325 12
$59,187 54
$1,464 00
MERCHANTS' AND FARMERS 1 MUTUAL FIRE INSURANCE
COMPANY, WORCESTER.
[Incorporated April 1, 1346. Commenced business Jan. 1, 1847.]
JOHN D. WASHBURN, President. ELIJAH B. STODDARD, Secretary.
Amount of permanent fund, ....
Detailed Statement of Stocks,
111 shares Atch., Topeka & Santa Fe R.R.,
57 '
25 ■
20 '
20 ■
8 ■
25 '
25 ■
61 '
34 '
25 '
10 '
99 '
28 '
12 '
Union Pacific R.R., .
Wachusett Bank,
Westminster Bank, .
Central National Bank, .
Mechanics' National Bank,
Quinsigamond National Bank
Chic, Burl. & Quincy R.R.,
Boston & Albany R.R., .
Providence & Worcester R.R.
Norwich & Worcester R.R.,
Boston & Maine R.R.,
Am. Card Clothing Co., .
Worcester Electric Light Co.,
Worcester Gas Light Co.,
Lawrence city bonds,
Eastern R.R. bonds, ....
Chicago, Burl. & Quincy R.R. bonds,
Atch., Topeka & Santa Fe R.R. bonds,
City of Grand Haven, Mich , bonds,
Corporation notes, ....
Bonds, etc.
Par Value.
$11,100 00
5,700 00
2,500 00
2,000 00
2,000 00
800 00
2,500 00
2,500 00
6,100 00
3,400 00
2,500 00
1,000 00
9,900 00
2,800 00
1,200 00
10,000 00
5,000 00
500 00
10,500 00
5,000 00
10,750 00
$121,574 43
Market Value.
$7,410 00
4,688 00
5,000 00
2,000 00
2,400 00
800 00
3,625 00
3,575 00
15,494 00
10,200 00
5,000 00
1,950 00
9,702 00
6,328 00
2,712 00
11,200 00
5,500 00
540 00
10,308 00
5,200 00
10,750 00
$97,750 00 $124,382 00
merchants' and farmers' mutual FIRE INSURANCE CO. 47
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $50,000 00
Loans on mortgage of real estate (first liens*), 48,025 00
Interest due or accrued thereon, . . . 1,440 77
Stocks, bonds, etc., as per schedule, . . . 124,382 00
Cash in the office of the company, . . . 789 98
Cash deposited in bank, 3,984 39
Interest due and accrued, 662 18
Premiums in course of collection (gross), . 5,534 79
Prem's more than three mos. due, $1,042 20
Gross assets,
Liabilities.
Losses adjusted, claimed and reported, . $1,392 94
Unearned premiums on outstanding risks, . 133,018 76
Return premiums on cancelled policies, . . 36 69
Profits or surplus on terminated policies, unpaid, 2,023 70
Commissions and brokerage, .... 835 46
Gross liabilities, ....
Net cash assets,
Income
Premiums outstanding Dec. 31, 1900,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
1,061 12
319 78
85,741 34
97,616 91
$103,358 25
6,576 99
,781 26
3,585 81
other sources, .
$234,819 11
137,307 55
$97,511 56
$93,195 45
529 14
609 97
5,546 81
3,830 00
$103,711 37
Cash paid for losses, .
Deduct salvage,
Net cash paid for losses,
Expenditures.
$38,291 52
101 62
$38,189 90
* Total value of property mortgaged,
Amount of insurance held as collateral,
$151,000 00
54,450 00
48
MERRIMACK MUTUAL FIRE INSURANCE CO.
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for expense on real estate,
for incidentals, ....
Gross cash expenditures, ....
140,506 06
14,366 52
7,205 50
1,881 20
600 00
260 16
7,561 36
f 110,570 70
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $20,798,303 00 f 308,120 17 $308,120 17
Risks written during 1900, . 6,467,254 00 97,616 91 97,616 91
Total $27,265,557 00 $405,737 08 $405,737 08
Risks terminated during 1900, . 6,873,787 00 104,455 73 104,455 73
In force at end of year,
$20,391,770 00 $301,281 35 $301,281 35
Miscellaneous.
Losses incurred during the year, . . . . . f 39,091 00
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
MERRIMACK MUTUAL FIRE INSURANCE COMPANY,
AN DOVER.
[Incorporated Feb.
JOS. A. SMART, President.
r, 1828. Commenced business April 8, 1S2S.]
GEO. A. PARKER, Secretary.
Amount of permanent fund, $150,206 00
Detailed Statement of
Cincinnati city bonds,
Lynn city bonds, ....
Boston & Maine Railroad bonds,
Old Colony Railroad bonds,
Chicago & Northwestern R.R. bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Salem (Ohio) Water Co. bonds,
Helena Water Co. bonds, .
Chicago, Wisconsin & Minn. R.R. bonds,
Chicago, Peoria & St. Louis R.R. bonds,
Boston Investment Co. stock, .
Andover water bonds,
Andover Electric Co. bonds,
Danvers bonds, ....
Seattle bonds, ....
Stocks, Bonds, etc.
Par Value.
$7,000 00
5,000 00
2,000 00
10,000 00
4,000 00
5,000 00
6,000 00
5,000 00
5,000 00
4,800 00
5,000 00
15,000 00
4,500 00
10,000 00
5,000 00
Market Valne.
f8,355 00
5,350 00
2,330 00
11,275 00
4,990 00
5,800 00
4,800 00
4,000 00
5,712 00
2,400 00
500 00
16,940 00
4,500 00
11,050 00
5,400 00
MERRIMACK MUTUAL FIRE INSURANCE CO.
49
Westborough bonds,
North Andover bonds,
Lawrence National Bank stock,
Andover National Bank stock, .
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross) ,
Par Value.
$10,000 00
10,000 00
1,500 00
1,000 00
Market Value.
$10,550 00
11,400 00
1,800 00
1,100 00
Gross assets,
$115,800 00 $118,252 00
31, 1900.
$5,500 00
106,500 00
1,917 44
118,252 00
724 60
3,408 56
1,300 01
8,900 72
$246,503 33
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid
Due and accrued for rent, salaries, etc., .
Gross liabilities,
Net cash assets,
$4,552 10
200,841 99
81 53
4,178 72
1,368 08
211,022 42
$35,480 91
Income.
Premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .... $103,259 23
Received for extra premiums, 835 33
Interest received on mortgages, 5,450 52
Interest and dividends received from all other sources, . . 6,047 71
Income from rents, 106 50
Gross cash income, $115,699 29
$12,456 62
504 64
$11,951 98
104,379 46
$116,331 44
8,900 72
$107,430 72
4,171 49
* Total value of property mortgaged,
Amount of insurance held as collateral,
$196,650 00
117,300 00
50
MIDDLESEX MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
161,394 94
60,612 42
15,964 00
6,276 25
962 40
720 00
5,455 42
$151,385 43
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $29,908,387 00 $456,317 94 $456,317 94
Risks written during 1900, . 7,006,260 00 104,379 46 104,379 46
Total, $36,914,647 00 $560,697 40 f 560,697 40
Risks terminated during 1900, . 8,819,509 00 137,718 71 137,718 71
In force at end of year, . . $28,095,138 00 $422,978 69 $422,978 69
$55,316 00
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD.
[Incorporated March 3, 1826. Commenced business March 29, 1826.]
RICHARD F. BARRETT, President. ADAMS TOLMAN, Secretary.
Amount of permanent fund, ....
Detailed Statement of Stocks,
15 shares Merchants' 1 National Bank, Boston,
26
25
20
10
30
18
3
15
Webster National Bank, Boston,
Eliot National Bank, Boston, .
Faneuil Hall Natl Bank, Boston,
Central National Bank, Boston,
Hancock National Bank, Boston,
State National Bank, Boston, .
Suffolk National Bank, Boston,
Commercial Nafl Bank, Boston,
Bal. due on Shawm't Nat'l B'k (in liquidation)
Bal. due on Black. Nat'l B'k (in liquidation),
33 shares Concord Nat'l Bank, Concord,
57 " Boston & Albany R.R., .
100 " Fitchburg R.R.,
Bonds, etc.
Par Value.
$1,500 00
2,600 00
2,500 00
2,000 00
1,000 00
3,000 00
1,800 00
300 00
1,500 00
3,300 00
5,700 00
10,000 00
$327,532 84
Market Value.
$2,475 00
2,567 50
3,575 00
2,505 00
1,187 50
3,000 00
1,948 00
337 50
2,100 00
600 00
1,485 00
4,950 00
14.478 00
14,000 00
MIDDLESEX MUTUAL FIRE INSURANCE CO.
51
50 shares Philadelphia, Wil. & Bait. R.R.,
226 " Chic., Burl. & Quincy R.R., .
287 " Atch., Topeka & Santa Fe R.R.,
180 " Pullman Palace Car Co.,
Burlington & Missouri R.R bonds, .
Chicago, Burl. & Quincy R R. bonds,
Portland & Ogdensburg R.R. bonds,
Atch., Topeka & Santa Fe R.R. bonds,
Cincin., Hamilton & Dayton R.R. bonds,
Concord & Montreal R.R. bonds,
Conn. & Passumpsic Rivers R.R. bonds,
Cleveland, L. & Wheeling R.R. bonds,
Old Colony R.R. bonds, .
Boston & Lowell R R. bonds, .
Boston & Albany R.R. bonds, .
N. Y., Providence & Boston R.R. bonds,
Boston & Maine R R. bonds,
Narragansett Pier R.R. bonds, .
Norwich & Worcester R.R. bonds, .
St. Paul, Minn. & Manitoba R.R. bonds,
Toledo city bonds, .
Cambridge city bonds,
Pawtucket city bonds,
Medford city bonds, .
Holyoke city bonds, .
American Bell Telephone bonds,
N. Y., Ontario & Western R.R. bonds,
Terminal R.R. Association of St. Louis,
Boyer Val. div., Chic. & Northwestern R.R.,
Cleveland & Pittsburg R.R.,
Par Value.
$2,500 00
22,600 00
28,700 00
18,000 00
7,000 00
18,000 00
20,000 00
3,000 00
10,000 00
25,000 00
25,000 00
10,000 00
6,000 00
15,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
20,000 00
10,000 00
5,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
Market Value.
$4,250 00
32,318 00
16,170 00
36,045 00
7,035 00
19,220 00
22,400 00
2,920 00
11,200 00
28,125 00
29,500 00
11,350 00
6,745 00
16,275 00
10,850 00
11,900 00
12,800 00
10,950 00
11,500 00
11,700 00
11,250 00
21,900 00
11,400 00
5,650 00
11,700 00
10,037 00
10,700 00
11,500 00
10,400 00
10,600 00
Securities held as collateral for cash loans : —
9 shares Chic. & West Michigan R.R., . . >
29 " Pemberton Mills, . . . . S
40 " American Powder Mills, .
$411,000 00 $483,598 50
Market Value. Loaned Thereon.
$2,800 00 $1,600 02
6,200 00 2,500 00
$9,000 00 $4,100 02
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $41,000 00
Loans on mortgage of real estate (first liens *), 70,420 01
Interest due or accrued thereon, . . . 1,793 92
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$55,200 00
128,000 00
83,000 00
52
MIDDLESEX MUTUAL FIRE INSURANCE CO.
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
All other cash loans,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$483,598 50
4,100 02
21,500 00
7,948 14
3,168 84
4,806 14
20,233 00
800 00
1659,368 57
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, .
Gross liabilities,
Net cash assets,
1494 20
1,400 00
3,750 00
327,331 49
8,629 55
3,034 95
344,640 19
$314,728 38
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
$19,896 83
168,447 10
$188,343 93
20,233 00
$168,110 93
5,386 05
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
$162,724 88
925 00
3,398 56
21,205 31
684 96
Gross cash income, . . . . . . . . $188,938 71
Expenditures.
Cash paid for losses,
Deduct reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$65,445 22
1,815 83
Gross cash expenditures,
$63,629 39
79,529 37
23,470 54
11,480 00
1,961 36
7,193 90
$187,264 56
MUTUAL FIRE ASSURANCE CO.
53
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $45,501,411 00
Risks written during 1900, . 11,028,092 00
Total $56,529,503 00
Risks terminated during 1900, . 11,427,662 00
In force at end of year, . . $45,101,841 00
Deduct amount reinsured, . 221,942 00
Cash Prem's.
$666,036 75
168,447 10
$834,483 85
171,682 66
$662,801 19
3,288 23
Conting't Prem's.
$666,036 75
168,447 10
$834,483 85
171,682 66
$662,801 19
3,288 23
Net amount in force, . . $44,879,899 00 $659,512 96 $659,512 96
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
$66,674 00
MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD.
[Incorporated Feb. 23, 1827. Commenced business July 23, 1827.]
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary.
Amount of permanent fund, $117,216 93
Detailed Statement of Stocks,
Vermont Valley R.R. bonds,
Chesapeake & Ohio R.R. bonds,
Ohio Southern R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Phila., Wil. & Baltimore R.R. bonds,
Holyoke Street R.R. bonds,
Boston & Albany R.R. bonds, .
75 shares Second National B'k, Springfield,
61 ■
25
25
25
10
10
50
20
50
100
173
58
Chicopee Natl Bank, Springfield,
John Hancock N'l B% Springfield
First National Bank, Springfield,
Chapin National Bank, Springfield
Monson National Bank, Monson,
First National Bank, Chicopee,
Hadley Falls Nat'l B'k, Holyoke,
Springfield N'l B'k, Springfield,
Commerce Nat'l Bank, Boston,
Boston & Albany R.R., .
N. Y. Cent. & Hudson River R.R.,
Chic, Burl. & Quincy R.R., .
Bonds, etc
Par Value.
$4,000 00
4,000 00
3,000 00
8,000 00
1,500 00
4,000 00
6,000 00
10,000 00
7,500 00
6,100 00
2,500 00
2,500 00
2,500 00
1,000 00
1,000 00
5,000 00
2,000 00
5,000 00
10,000 00
17,300 00
5,800 00
Market Value.
$4,480 00
4,840 00
3,000 00
7,920 00
1,750 00
4,360 00
6,360 00
11,000 00
9,750 00
9,455 00
2,750 00
2,750 00
3,000 00
1,300 00
1,350 00
6,750 00
4,000 00
5,600 00
25,300 00
24,739 00
8,410 00
$ 108,700 00 $148,864 00
54
MUTUAL FIRE ASSURANCE CO.
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $ 42,520 65
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Prem's more than three mos. due, $116 68
Gross assets, ......
472 58
148,864 00
315 52
10,253 49
423 32
237 65
$203,087 21
Liabilities.
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Gross liabilities,
$45,995 21
200 91
46,196 12
Net cash assets, $ 156,891 09
Income.
Premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$586 88
23 75
$563 13
21,165 93
$21,729 06
354 33
$21,374 73
177 67
2,017 14
5,876 00
$29,445 54
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures, .
$5,745 09
15,686 87
4,392 00
199 48
500 00
737 86
$27,261 30
* Value of lands mortgaged, $21,500 00
Value of buildings thereon 57,500 00
Amount of insurance held as collateral, .... 47,000 00
MUTUAL PROTECTION FIRE INSURANCE CO.
55
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31,1899, f 5,687,375 00 $89,259 00 $89,259 00
Risks written during 1900, . 1,322,000 00 21,165 93 21,165 93
Total, . . . . . $7,009,375 00 $110,424 93 $110,424 93
Risks terminated during 1900, . 1,107,375 00 17,328 24 17,328 24
In force at end of year, . . $5,902,000 00 $93,096 69 $93,096 69
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 90 per cent.
$5,745 00
MUTUAL PROTECTION FIRE INSURANCE COMPANY,
CHARLESTOWN.
[Incorporated April 10, 1861. Commenced business July 15, 1864.]
GEO. B. NEAL, President. GEO. H. PENDERGAST, Secretary.
Office, Thompson Square, Charlestown.
Amount of permanent fund, $52,639 30
Detailed Statement of Stocks, Bonds, etc.
Par Value.
$1,700 00
2,000 00
1,550 00
1,000 00
5,500 00
10,000 00
17 shares Monument National Bank,
20 " National Bank of the Republic,
31 " Charlestown Gas & Electric Co.,
10 " Somerville Electric Light Co., .
55 " Atch., Top. & Santa Fe R.R., .
United States bonds,
Market Value.
$3,230 00
2,800 00
2,480 00
1,000 00
2,795 00
11,000 00
$21,750 00 $23,305 00
Securities held as collateral for cash loans : —
100 shares Butte & Boston Mining Co.,
100 " Isle Royal Mining Co., .
1 share American Sugar Refining Co.,
2 shares New England Gas & Coke Co
30 " Parrott Mining Co.,
50 " Franklin Mining Co.,
Boston & Maine R.R. bond,
Market Value.
Loaned Thereon,
$8,000 00 ^
3,800 00
117 00
»., . 1,400 00
\ $10,000 00
150 00
850 00
1,000 00 J
$15,317 00 $10,000 00
56
MUTUAL PROTECTION FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $1,758 74
Gross assets,
$48,900 00
882 00
23,305 00
10,000 00
705 63
19,857 21
155 00
3,270 40
$107,075 24
Liabilities.
Losses adjusted, unpaid,
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, ....
Reinsurance,
Gross liabilities,
Net cash assets,
$1,218 29
35,191 58
99 20
1,496 91
665 37
160 79
38,832 14
$68,243 10
Income,
Premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Gross cash income,
$5,206 49
989 96
$4,216 53
26,489 38
,705 91
5,029 14
$25,676 77
1,432 43
sources, .
$24,244 34
66 64
2,439 50
1,636 09
1 70
$28,388 27
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
-•22.700 00
72,200 00
62,400 00
NEWBURYPORT MUTUAL FIRE INSURANCE CO.
57
Expenditures.
Cash paid for losses,
$4,911 38
Deduct reinsurance,
5 68
Net cash paid for losses,
$4,905 70
Cash paid as profits on terminated policies, .
.
6,976 18
for commissions and brokerage,
. . .
3,739 59
for salaries of officers,
. . .
2,500 00
for State and local taxes,
• . .
264 68
for rents,
. .
500 00
1,412 95
Gross cash expenditures, ....
§20,299 10
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $3,718,833 00 $59,747 63 $59,747 63
Risks written during 1900, . 1,626,291 00 26,489 38 26,489 38
Total, $5,345,124 00
Risks terminated during 1900, . 1,314,367 00
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $4,030,757 00
85,918 00
,237 01
21,185 67
$65,051 34
1,611 27
$3,944,839 00 $63,440 07
MlSCELL AN EOUS .
Losses incurred during the year, ......
Profits or surplus returned during 1900, 20, 40 and 70 per cent.
$86,237 01
21,185 67
$65,051 34
1,611 27
$63,440 07
$6,055 00
NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY,
NEWBURYPORT.
[Incorporated Feb. 10, 1829. Commenced business May 1, 1829.]
WILLIAM R. JOHNSON, President. LAWRENCE W. BROWN, Secretary.
Detailed Statement or Stocks,
100 shares Mer, Nat 1 ! Bank, Newburyport,
Mech. Nat'l Bank, Newburyport,
Ocean Nat'l Bank, Newburyport,
Washington Nat'l Bank, Boston,
Hide & Leather N'l Bank, Boston,
Shoe & Leather N'l Bank, Boston,
1 share Vermont Central R.R.,
3 shares General Electric,
10 " U. S. Rubber Co., .
9
31
15
10
10
ks, Bonds, etc.
Par Value.
Market Value.
$2,000 00
$2,100 00
-
360 00
1,550 00
1,627 50
1,500 00
1,621 85
1,000 00
1,065 00
1,000 00
1,305 00
100 00
8 00
300 00
468 00
1,000 00
780 00
58
NEWBUKYPORT MUTUAL FIRE INSURANCE CO.
10 shares Westinghouse, ....
10 " Western Union,
20 " Boston & Maine R.R.,
6 " N. Y. Cent. & Hudson River R.R.,
10 " Chicago & Northwestern R.R.,
9 " St. Paul Railroad, .
11 " Atch., Topeka & Santa Fe R.R.,
5 " Chic. June. & Stock Yard,
14 " Chicago, Burlington & Quincy,
Rutland Railroad bonds, .
Erie Tel. bonds,
Minnesota General Electric bond,
New England Cotton Yarn bond,
Vermont Central bond,
Riverside Court Trust Co. bonds,
Balance due on 10 shares Market National
Bank, Boston (in liquidation),
Par Value.
$1,000 00
1,000 00
2,000 00
600 00
1,000 00
900 00
1,100 00
500 00
1,400 00
1,000 00
3,000 00
1,000 00
1,000 00
2,000 00
2,000 00
Market Value.
$655 50
850 00
3,920 00
870 00
1,720 00
1,287 00
554 00
725 00
2,002 00
1,030 00
3,090 00
1,020 00
1,040 00
1,840 00
2,060 00
500 00
$27,950 00 $32,498 85
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Gross assets, ....
$600 00
19 25
32,498 85
31 20
3,376 30
$36,525 60
Liabilities.
Unearned premiums on outstanding risks,
Due and accrued for rent,
Gross liabilities,
$5,335 94
12 50
5,348 44
Net cash assets, $31,177 16
Income.
Premiums on risks written or renewed, . . $2,065 05
Less return premiums, 99 63
Net cash premiums received, .... $1,965 42
Interest received on mortgages, 38 50
Interest and dividends received from all other sources. . . 1,382 76
Income from policy fees, 80 70
Gross cash income, $ 3,467 38
* Value of lauds mortgaged, $900 00
Value of buildings thereon 1,400 00
Amount of insurance held as collateral 1,000 00
NOKFOLK MUTUAL FIRE INSURANCE CO.
59
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
$43
36
1,525
30
573
34
16
54
150
00
206
00
$2,514 54
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $737,215 00
Risks written during 1900, . 135,250 00
In force at end of year,
Total, $872,465 00
Risks terminated during 1900, . 130,560 00
Cash Prem's.
$10,332 42
2,065 05
$12,397 47
1,726 80
Conting't Prem's.
$41,327 68
8,290 20
$49,617 88
6,905 20
$741,905 00 $10,670 67 $42,712 68
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 100 per cent.
$43 00
NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.]
J. WHITE BELCHER, President. JAMES Y. NOTES, Secretary.
Amount of permanent fund, $334,201 14
Detailed Statement of Stocks,
313 shares Atch., Top. & Santa Fe R.R. stock,
65
60
100
75
125
20
100
13
Dedham Water Co. stock,
Union Pacific R.R. stock,
Old Colony R.R. stock, .
Boston & Lowell R.R. stock,
Boston & Albany R.R. stock,
Boston & Providence R.R. stock,
Chic, Burl. & Quincy R.R. stock,
Lombard Liquidation stock,
Boston & Maine Railroad bonds,
Boston & Providence Railroad bonds,
Boston & Lowell Railroad bonds,
Cincinnati city bonds,
Boston city bonds, ....
Bonds, etc.
Par Value.
$31,340 00
6,500 00
6,000 00
10,000 00
7,500 00
12,500 00
2,000 00
10,000 00
65 00
27,000 00
20,000 00
20,000 00
25,000 00
10,000 00
Market Value.
$22,639 00
6,500 00
4,800 00
20,000 00
18,000 00
31,250 00
5,900 00
14,000 00
65 00
32,750 00
21,600 00
21,700 00
26,250 00
11,200 00
60
NORFOLK MUTUAL FIRE INSURANCE CO.
Newton city bonds, .
Taunton city bonds, .
Chelsea city bonds, .
Concord & Montreal R.R. bonds,
Fitchburg R.R. bonds,
Newport & Richford Railway Co. bonds,
N. Y., New Haven & Hart. R.R. bonds,
Conn. & Passumpsic Rivers R.R. bonds,
Dexter & Newport R.R. bonds,
Norwich & Worcester R.R. bonds, .
Fremont, Elkhorn & Mo. Valley R.R. bonds
Grand Avenue R'y, Kansas City, bonds,
Boston Consolidated Street Railway Co. bonds
Minneapolis Gas Light Co. bonds, .
Maine Central R.R. bonds,
Oregon Short Line Railroad bonds, .
Kan. City, St. J. & Council Bluffs R.R. bonds
N. H. Trust Co. bonds, .
Western Security Co. bonds, .
N. E. Mortgage Security Co. bonds,
Lombard Investment Co. bonds,
Portland & Rumford Falls R.R. bonds,
Lynn city bonds, ....
Salem city bonds, ....
Randolph town note,
North Andover town bonds,
Atchison, Topeka & Santa Fe R.R. bonds
Philadelphia & Reading R.R. bonds,
Old Colony Railroad bonds,
Union Pacific Railway bonds, .
Fall River city bonds,
Lawrence city bonds,
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Par Value.
$15,000 00
10,000 00
10,000 00
10,000 00
10,000 00
12,000 00
5,000 00
5,000 00
6,000 00
20,000 00
5,000 00
5,000 00
5,000 00
5,000 00
15,000 00
10,000 00
9,000 00
6,500 00
5,000 00
5,000 00
950 00
10,000 00
10,000 00
5,000 00
3,000 00
5,000 00
34,500 00
8,000 00
28,000 00
4,500 00
2,000 00
5,000 00
Market Value.
$16,931 25
11,205 00
11,937 50
10,800 00
10,962 50
13,137 50
5,775 00
5,650 00
6,210 00
22,050 00
6,750 00
5,000 00
5,250 00
5,000 00
16,600 00
12,500 00
10,350 00
3,500 00
1,000 00
4,250 00
380 00
10,400 00
11,200 00
5,250 00
3,000 00
5,631 25
32,820 00
10,160 00
31,020 00
4,500 00
2,317 50
5,600 00
$477,355 00 $543,791 50
31, 1900.
$12,000 00
34,913 72
712 77
543,791 50
2,951 31
2,821 30
7,584 39
7,604 26
654 16
$613,033 41
* Value of lands mortgaged $36,200 00
Value of buildings thereon, 37,500 00
Amount of insurance held as collateral 32,100 00
NORFOLK MUTUAL FIRE INSURANCE CO.
61
Liabilities.
Losses claimed and reported, ....
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, ....
Gross liabilities,
Net cash assets,
$211 40
171,807 50
265 87
6,556 68
50 00
1,140 64
$180,032 09
• • .
$433,001 32
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
Expenditures.
Cash paid for losses, ....
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$6,767 76
76,843 69
$83,611 45
7,604 26
$76,007 19
677 58
sources, .
$75,329 61
1,833 50
22,011 52
883 35
$100,057 98
$26,663 43
42,193 19
10,776 91
7,383 88
1,104 50
2,010 41
$90,132 32
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899,123,286,618 00 $334,056 29 $334,056 29
Risks written during 1900, . 5,210,602 00 76,843 69 76,843 69
Total $28,497,220 00 $410,899 98 $410,899 98
Risks terminated during 1900, . 4,766,591 00 70,338 38 70,338 38
In force at end of year, . . $23,730,629 00 $340,561 60 $340,561 60
Miscellaneous.
Losses incurred during the year, $26,875 00
Profits or surplus returned during 1900, 25, 50 and 70 per cent.
62
PAPER MILL MUTUAL INSURANCE CO.
PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated November, 1886. Commenced business April 1, 1887.]
K. W. TOPPAN, President. D. W. LANE, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks,
Portland & Ogdensburg R.R. bonds,
N. Y. Cent. & Hudson River R.R. bonds,
Cincin., Sandusky & Cleveland R.R. bonds,
Maine Central R.R. bonds,
Pennsylvania R.R. bonds,
Newton water bonds,
Boston & Albany R.R. bonds, .
Boston & Maine Railroad bonds,
Boston & Lowell R.R. bonds, .
Fitchburg R.R. bonds,
Chic. June. & Union Stock Yards bonds,
Chicago, Burl. & Quincy R.R. bonds,
American Bell Telephone bonds,
Bonds, etc.
Par Value.
$5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
10,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
Net cash assets
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
$77,300 00
107 86
11,460 18
775 00
601 02
$38,496 50
160 94
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources,
Gross cash income,
$729 33
81,015 38
$81,744 71
601 02
$81,143 69
3,712 42
Market Value.
$5,550 00
4,800 00
5,750 00
6,000 00
6,300 00
5,650 00
10,800 00
6,300 00
5,450 00
5,650 00
5,000 00
5,050 00
5,000 00
$70,000 00 $77,300 00
$90,244 06
38,657 44
$51,586 62
877,431 27
2,919 73
$80,351 00
QUINCY MUTUAL FIRE INSURANCE CO.
63
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes, .
for rents,
for incidentals, ....
Gross cash expenditures, ....
$6,574 79
57,549 51
4,909 99
754 78
250 00
1,755 44
$71,794 51
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $8,471,531 00
Risks written during 1900, . 10,482,599 00
Total, $18,954,130 00
Risks terminated during 1900, . 9,074,602 00
Cash Prem's. Conting't Prem's.
$66,252 54 $331,262 70
81,015 38 405,076 90
$147,267 92 $736,339 60
70,274 91 351,374 55
In force at end of year,
. $9,879,528 00 $76,993 01 $384,965 05
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 86.46 per cent.
$3,741 00
QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY.
[Incorporated March 22, 1851. Commenced business May, 1851.]
CHARLES A. HOWLAND, President. WM. H. FAY, Secretary.
Amount of permanent fund, $350,000 00
Detailed Statement of Stocks,
88 shares Rockland National Bank, Boston,
277 '
70 '
50 '
40 (
35
66 '
250
75
50
292
44
50
40
48
Third National Bank, Boston,
Second National Bank, Boston,
First National Bank, Boston, .
Merchants' National Bank, Boston
State National Bank, Boston, .
Washington National B'k, Boston,
Colonial Nat'l Bank, Boston, .
Redemption Nat'l Bank, Boston,
Hamilton Nat'l Bank, Boston (in
liquidation),.
Mt. Wollaston Nat'l Bank, Quincy
Granite National Bank, Quincy,
Wachusett Nat'l Bank, Fitchburg,
Hingham Nat/1 Bank, Hingham,
First Nat'l B'k, South Weymouth,
Bonds, etc.
Par Value.
$8,800 00
27,700 00
7,000 00
5,000 00
4,000 00
3,500 00
6,600 00
25,000 00
7,500 00
5,000 00
29,200 00
4,400 00
5,000 00
4,000 00
4,800 00
Market Value.
$11,000 00
26,315 00
11,900 00
9,500 00
6,800 00
3,850 00
7,590 00
37,500 00
9,000 00
4,750 00
36,500 00
6,600 00
8,750 00
4,000 00
5,040 00
64
QULNCY MUTUAL FIKE INSURANCE CO.
38 shares Union National Bank, Weymouth,
10 " Quinsigainond N'l B'k, Worcester,
50 " Brockton Natl Bank, Brockton,
29 " Plymouth Nat'l Bank, Plymouth,
25 " First Nat'l Bank, West Newton,
Balance on 200 shares Manufacturers 1 Bank
Boston (in liquidation),
Balance on 46 shares Continental National
Bank, Boston (in liquidation),
Balance on 25 shares Market National Bank
Boston (in liquidation),
Balance on 100 shares North NU B'k, Boston
(in liquidation),
Balance on 25 shares Revere N'l Bank, Boston
(in liquidation),
215 shares Chic, Burl. & Quincy R.R., .
100 " Boston & Lowell R.R., .
11 " Old Colony R.R., .
107 " Hingham Cordage Co., .
178 " Lawrence Duck Co.,
50 " State St, Safe Deposit & Trust Co.
Chic, Burlington & Quincy R.R. bonds, .
Decatur Water Works Co. bonds and stock,
Michigan Telephone Co. bonds,
Securities held as collateral for cash loans : —
700 shares American Woolen Co., .
300 " N. E. Dressed Meat & Wool Co.,
City Electric St. R'y Co., Newburyport, bonds
Hudson River Water & Power Co. bonds,
Peoria & Pekin Terminal R'y bonds,
100 shares North Packing & Provision Co.,
144 " National Granite Bank, Quincy,
15 " Minnehaha Trust Co., .
30 " Sioux Falls National Bank, .
Corp'n notes secured by warehouse receipts,
Par Value.
$3,800 00
1,000 00
5,000 00
2,900 00
2,500 00
21,500 00
10,000 00
1,100 00
10,700 00
17,800 00
5,000 00
10,000 00
14,300 00
10,000 00
Market Value.
?3,800 00
1,400 00
6,500 00
3,190 00
2,500 00
500 00
230 00
150 00
500 00
75 00
27,950 00
24,000 00
2,200 00
1,500 00
17,800 00
6,000 00
10,800 00
3,250 00
9,800 00
$263,100 00 $311,240 00
Market Value. Loaned Thereon.
?45,000 00
45,000 00
3,150 00
19,440 00
6,360 00
10,000 00
21,600 00
1,500 00
3,000 00
30,000 00
}
$35,000 00
25,000 00
25,000 00
7,500 00
17,700 00
2,500 00
20,000 00
$185,050 00 $132,700 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $19,800 00
Loans on mortgage of real estate (first liens *), 76,200 00
Interest due or accrued thereon, . . . 3,696 14
* Value of lands mortgaged, $S9,000 00
Value of buildings thereon, 107,500 00
Amount of insurance held as collateral, .... ;*-2.700 00
QUINCY MUTUAL FIKE INSURANCE CO.
65
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
All other cash loans, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$311,240 00
132,700 00
46,500 00
320 00
43,423 58
2,043 52
8,411 79
412 50
$644,747 53
Liabilities.
Losses claimed and reported, .... $150 00
Losses disputed or resisted, .... 1,500 00
Unearned premiums on outstanding risks, . 243,293 73
Profits or surplus on terminated policies, unpaid, 4,000 00
Due and accrued for rent, salaries, etc., . . 150 00
State and local taxes, 300 00
Commissions and brokerage, .... 1,310 22
Gross liabilities,
250,703 95
Net cash assets, $394,043 58
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
$7,140 63
140,048 05
$147,188 68
8,411 79
$138,776 89
1,675 42
$137,101 47
797 64
3,226 76
21,758 47
442 92
Gross cash income, $163,327 26
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$52,958 56
64,209 54
21,486 46
14,078 79
3,011 35
5,725 70
Gross cash expenditures, .
8101,470 40
66 RUBBER MANUFACTURERS' MUTUAL INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $33,912,668 00 $501,201 65 $501,201 65
Risks written during 1900, . 9,243,937 00 140,048 05 140,048 05
Total, $43,156,605 00 $641,249 70 $641,249 70
Risks terminated during 1900, . 9,566,903 00 145,763 31 145,763 31
In force at end of year,
.$33,589,702 00 $495,486 39 $495,486 39
Miscellaneous.
Losses incurred during the year, $54,609 00
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY,
BOSTON.
[Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885.]
E. S. CONVERSE, President. B. F. TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Fitchburg Railroad bonds $25,000 00 $28,100 00
Boston & Lowell R.R. bonds, .... 30,00000 31,15000
Maine Central R.R. bonds, .... 26,000 00 28,410 00
East Middlesex St. Railway bonds, . . . 7,000 00 7,070 00
Bangor & Aroostook R.R. bonds, . . . 10,000 00 11,550 00
West End Street R.R. bonds, .... 23,000 00 24,207 50
N. Y., N. H. & Hartford R.R. bonds, . . 2,000 00 2,345 00
Watertown town bonds, 3,000 00 3,138 75
Taunton city bonds 5,000 00 5,550 00
Boston Consolidated Street R.R. bonds, . . 12,000 00 12,870 00
Cambridge Street R.R. bonds, .... 1,000 00 1,025 00
General Electric Co. bonds, .... 4,000 00 6,270 00
N. Y. Central & Hudson River R.R. bonds, . 15,000 00 14,700 00
Chicago Terminal Transfer R.R. bonds, . . 20,000 00 19,000 00
N. E. Telephone & Telegraph Co. bonds, . 27,000 00 28,300 00
American Bell Telephone Co. bonds, . . 15,000 00 15,000 00
New England Cotton Yarn Co. bonds, . . 9,000 00 9,360 00
St. Louis Merchants Bridge Terminal R.R., . 25,000 00 28,250 00
American Writing Paper Co. bonds, . . 10,000 00 7,000 00
Corporation notes, 25,000 00 25,000 00
American Tel. & Tel. Co. bonds, . . . 10,000 00 9,900 00
$304,000 00 $318,196 25
RUBBER MANUFACTURERS' MUTUAL INSURANCE CO. 67
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, . . $318,196 25
Cash in the office of the company, . . . 331 37
Cash deposited in bank, 36,365 71
Interest due and accrued, 4,500 40
Premiums in course of collection (gross), . 8,563 65
Gross assets, $367,957 38
Liabilities.
Losses adjusted, unpaid, f 3,552 64
Unearned premiums on outstanding risks, . 148,933 95
State and local taxes, 688 68
Gross liabilities 153,175 27
Net cash assets, $214,782 11
Income.
Premiums outstanding Dec. 81, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Interest and dividends received from all sources,
$5,639 33
353,084 34
$358,723 67
8,563 65
$350,160 02
13,217 37
Gross cash income, $363,377 39
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for joint office expenses, .
for inspection,
for incidentals, ....
Gross cash expenditures, ....
$65,928 91
235,199 42
6,236 66
3,378 92
12,099 27
9,454 46
681 81
$332,979 45
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem'a.
Risks outstanding Dec. 31, 1899, $32,151,670 00 $264,160 88 $1,320,804 40
Risks written during 1900, . 42,602,826 00 353,084 34 1,765,421 70
Total, $74,754,496 00 $617,245 22 $3,086,226 10
Risks terminated during 1900, . 36,145,995 00 319,377 33 1,596,886 65
In force at end of year,
. $38,608,501 00 $297,867 89 $1,489,339 45
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 80 per cent.
$68,457 00
68
SALEM MUTUAL FIRE INSURANCE CO.
SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated April 17, 1838. Commenced business May 1, 1838.]
HOWARD S. PORTER, President. ARTHUR DERBY, Secretary.
Amount of permanent fund, $52,580 66
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Boston & Lowell Railroad bonds, . . . $3,000 00 $3,355 00
Boston & Maine Railroad bonds, . . . 1,000 00 1,152 50
Boston & Albany Railroad bonds, . . . 1,000 00 1,090 00
Haverhill city bonds 1,000 00 1,137 50
Springfield (Mass.) city bonds, . . . 1,000 00 1,080 00
Springfield (Ohio) city bonds, .... 450 00 465 50
Toledo (Ohio) city bonds, .... 2,000 00 2,262 50
Cincinnati city bonds, 1,000 00 1,115 00
Chicago city bonds 3,000 00 3,382 50
Woburn city bonds 2,000 00 2,020 00
Brockton city bonds, , 3,000 00 3,130 00
Peabody town bonds, 1,000 00 1,026 25
New Britain (Conn.) city bonds, . . . 4,000 00 4,400 00
Stoneham town bonds, 2,000 00 2,075 00
Cleveland city bonds, 3,000 00 3,048 75
Cook County bonds, 2,000 00 2,040 00
Ware town bonds, 1,000 00 1,017 50
Medford city bonds, 1,000 00 1,110 00
Salem city bonds, 4,550 00 4,691 92
Lynn city bonds, 2,000 00 2,112 50
Middleton town bonds 500 00 500 00
Meriden (Conn.) city bonds, .... 2,000 00 2,000 00
Somerville (Mass.) city bonds, . . . 2,000 00 2,125 00
Old Colony Railroad bonds, .... 2,000 00 2,140 00
Fitchburg R.R. bonds, 3,000 00 3,273 75
Quincy (111.) city bonds, 2,000 00 2,135 00
Cranston (R. I.) town bonds, .... 1,000 00 1,127 50
Columbus (Ohio) city bonds, .... 4,000 00 4,256 25
Waltham (Mass.) city bonds, .... 1,000 00 1,052 50
Massachusetts State bonds, .... 3,000 00 3,287 50
Boston city bonds, 3,000 00 3,240 00
Wilkesbarre (Pa.) city bonds, .... 1,000 00 1,027 50
Fall River city bonds, 4,000 00 4,240 00
Marlborough city bonds, 1,000 00 1,075 00
Chelsea city bonds, 2,000 00 2,150 00
9 shares Boston & Maine Railroad, . . 900 00 1,587 00
15 " Salem Gas Light Co., . . . 1,500 00 1,936 00
Chicago, Burlington & Quincy R.R. bonds, . 1,000 00 1,030 00
$73,900 00 §79,895 42
SALEM MUTUAL FIRE INSURANCE CO.
69
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
$7,200 00
Loans on mortgage of real estate (first liens *),
2,200 00
Interest due or accrued thereon,
20 00
Stocks, bonds, etc., as per schedule, .
79,895 42
Cash in the office of the company, .
271 21
Cash deposited in bank,
1,024 42
Interest due and accrued,
921 06
Premiums in course of collection (gross),
2,819 43
Prem"s more than three mos. due, $33 00
Gross assets,
Liabilities.
$94,351 54
Losses adjusted, unpaid,
$220 01
Unearned premiums on outstanding risks,
43,477 22
Return premiums on cancelled policies, .
26 09
Profits or surplus on terminated policies, unpaid,
1,069 28
State and local taxes,
62 54
Commissions and brokerage, ....
479 73
Gross liabilities,
45,334 87
$49,016 67
Income.
Premiums outstanding Dec. 31, 1899,
$2,330 37
Premiums on risks written or renewed, .
33,964 18
Total,
$36,294 55
Premiums now in course of collection, .
2,852 43
Entire premiums collected, ....
$33,442 12
Less reinsurance and return premiums, .
1,281 21
Net cash premiums received, ....
$32,160 91
Received for extra premiums, ....
.
48 47
Interest received on mortgages,
.
130 50
Interest and dividends received from all other sources, .
3,094 03
...
700 96
Gross cash income,
$36,134 87
Expenditures.
Cash paid for losses,
$10,654 69
Deduct reinsurance,
7 50
Net cash paid for losses, .....
$10,647 19
50 00
Amount of insurance held as collateral, .
2,000 00
70 SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO.
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for repairs on real estate,
for incidentals, .
Gross cash expenditures,
$9,360 69
5,308 30
2,956 00
460 44
450 00
231 40
2,008 88
$31,422 90
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $4,716,043 00
Risks written during 1900,
Total, ....
Risks terminated during 1900,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
2,135,239 00
16,851,282 00
1,895,197 00
f4,956,085 00
75,036 00
Cash Prem's.
$79,617 45
33,964 18
$113,581 63
29,263 13
884,318 50
967 88
Conting't Prem's.
$79,617 45
33,964 18
$113,581 63
29,263 13
$84,318 50
967 88
$4,881,049 00 $83,350 62 $83,350 62
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 20, 40 and 60 per cent.
$10,753 00
SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE
COMPANY, AMESBURY.
[Incorporated May 18, 1855. Commenced business June 15, 1855.]
GEORGE F. BAGLEY, President. CHARLES L. ALLEN, Secretary.
[Note. — Ten per cent, of the premium notes are received in cash at the time of issuing
the policy. The notes are assessed as necessity requires. No cash funds are accumulated.]
Summary of Assets Dec 31, 1900.
Cash in the office of the company, . . . $48 70
Cash deposited in bank, 15 16
Gross assets, ■ $63 86
Liabilities.
Due for borrowed money, $200 00
Income.
Interest and dividends received from all sources, ... $0 56
Assessments on deposit notes, 255 63
Income from all other sources, 3 75
Borrowed money, $200 00
Gross cash income, . $259 94
SAUGUS MUTUAL FIRE INSURANCE CO. 71
Expenditures.
Cash paid for losses,
for salaries of officers,
for State and local taxes,
for incidentals,
|300 00
150 00
2 59
13 50
Gross cash expenditures, $466 09
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $207,374 00 $1,827 88 $18,272 80
Risks written during 1900, . 31,190 00 299 90 3,119 00
Total, $238,564 00 $2,127 78 $21,391 80
Risks terminated during 1900, . 43,209 00 348 09 3,594 90
In force at end of year, . . $195,355 00 $1,779 69 $17,796 90
Miscellaneous.
Losses incurred during the year, $300 00
SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS.
[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.]
HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary.
[Note. — This company insures nothing but dwellings, farm buildings and their con-
tents, in Lynn, Saugus, Lynnfield, Swampscott and Nahant. No cash premiums are taken,
but assessments are made on deposit notes to pay losses and expenses. All policies are
issued for a term of three years.]
Summary of Assets Dec. 31, 1900.
Cash in the office of the company, . . . $97 38
Cash deposited in bank, 1,267 96
Unpaid assessments, 272 50
Gross assets, $1,637 84
Liabilities.
Unpaid losses, $867 00
Due for borrowed money, .... 1,500 00
Gross liabilities, $2,367 00
Income.
Income from policy fees, $515 00
Assessments on deposit notes, 3,104 60
Gross cash income, $3,619 60
72
SOUTH DANVERS MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures,
$1,455
97
1,420 00
31
39
182 00
186
90
$3,276 26
Risks and Premiums.
Risks outstanding Dec. 31, 1899,
Risks written during 1900,
Total,
Risks terminated during 1900, .
In force at end of year, .
Miscellaneous.
Losses incurred during the year, f 2,323 00
Assessments laid on deposit notes or contingent premiums, . 3,100 00
Amount.
$2,840,275 00
960,400 00
$3,800,675 00
994,625 00
Conting't Prem's.
$354,446 00
120,369 00
|474,815 00
124,771 00
$2,806,050 00 $350,044 00
SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY,
PEABODY.
[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.]
W. P. CLARK, President. FRANK TATLOE, Secretary.
Amount of permanent fund Dec. 31, 1899,
Decrease during the year,
Permanent fund Dec. 31, 1900, .
$47,873 87
14,176 82
$33,697 05
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Ill shares South Dan vers Nat'l Bank, Peabody, $11,100 00
48 " Warren National Bank, Peabody, . 4,800 00 $5,664 00
51 " Asiatic National Bank, Salem, . 1,530 00 1,377 00
20 " Naumkeag National Bank, Salem, . 2,000 00 2,500 00
12 " First National Bank, Salem, . . 1,200 00 960 00
34 " First National Bank, Danvers, . 2,550 00 2,380 00
30 " Hide & Leather Nat'l B'k, Boston, . 3,000 00 3,195 00
4 " Andover National Bank, Andover, . 400 00 440 00
1 " Cape Ann Nat'l Bank, Gloucester, . 100 00 140 00
20 " Naumkeag Steam Cotton Co., . 2,000 00 1,260 00
20 " Androscoggin Mills, . . . 2,000 00 2,500 00
2 " Nashua Manufacturing Co., . . 1,000 00 1,340 00
Bal. due on 18 shares N'l Exch. B'k, Salem (in
liquidation) - 900 00
SOUTH DANVEKS MUTUAL FIRE INSURANCE CO.
73
Providence city bonds,
Boston & Maine R.R. bonds,
Summary of Assets Dec. 31, 1900
Stocks, bonds, etc., as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Due and accrued for rent, salaries, etc., .
Due for borrowed money, ....
Gross liabilities,!
Net cash assets,
Income.
Premiums on risks written or renewed, .
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest and dividends received from all sources,
Income from policy fees,
Borrowed money,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $1,180,938 00
Risks written during 1900, . 180,910 00
Par Value.
$4,000 00
3,000 00
Market Value.
$4,454 00
3,351 00
$38,680 00
$30,461 00
, 1900.
$30,461 00
244 20
19,667 91*
130 00
$50,503 11
$13,527 31
1,078 75
200 00
2,000 00
16,806 06
$33,697 05
$3,914 17
578 80
$3,335 37
3,003 36
123 00
• • t
$2,000 00
1,461 73
$331 64
3,427 97
2,663 50
37 14
225 42
Total $1,361,848 00
Risks terminated during 1900, . 186,205 00
Cash Prem's.
$25,219 70
3,914 17
$29,133 87
4,033 77
1,685 67
Conting't Prem's.
$75,659 10
11,742 51
,401 61
12,101 31
In force at end of year,
. $1,175,643 00 $25,100 10 $75,300 30
* $19,383.18 of this amount is on deposit in the South Danvers National Bank, now in hands
of receiver. Value unknown.
t Since filing the annual statement an assessment of 100 per cent, has been levied on South
Danvers National Bank stock.
74 traders' and mechanics' mutual FIRE INSURANCE CO.
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 100 per cent.
$332 00
TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE
COMPANY, LOWELL.
[Incorporated June, 1848. Commenced business June, 1848.]
LEVI SPRAGUE, President. EDWARD M. TUCKE, Secretary.
Amount of permanent fund, $410,098 69
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
35 shares Bigelow Carpet Co., . . . $3,500 00 $ 2,922 50
4 " Boott Cotton Mills, .... 4,000 00 3,400 00
2 " Hamilton Manufacturing Co., . 2,000 00 1,710 00
50 " Lawrence Gas Company, . . 5,000 00 5,500 00
300 " Lowell Gas Company, . . . 30,000 00 75,000 00
114 " Massachusetts Cotton Mills, . . 11,400 00 11,604 00
110 " Merrimack Manufacturing Co., . 11,000 00 12,100 00
15 " Middlesex Mills, .... 1,500 00 1,635 00
50 " Tremont & Suffolk Mills, . . 5,000 00 7,000 00
100 " Old Lowell National Bank, . . 10,000 00 12,000 00
25 " Vermont & Mass. R.R., . . . 2,500 00 4,375 00
Andover town bonds, 15,000 00 17,250 00
Boston city bonds 20,000 00 22,200 00
Boston & Maine R.R. bonds, .... 20,000 00 25,400 00
Fitchburg city bonds, 10,000 00 11,500 00
Fitchburg R.R. bonds, 15,000 00 16,950 00
Lowell & Suburban Street Railway bonds, . 25,000 00 27,000 00
Maiden sewer bonds, 10,000 00 11.500 00
Marlborough water loan bonds, . . . 10,000 00 11,500 00
Boston United Gas Co. bonds, .... 20,000 00 16,400 00
Holyoke city bonds, 15,000 00 17,400 00
Quincy (111.) city bonds 12,000 00 13,080 00
New England R.R. bonds, .... 10,00000 13,90000
Maine Central R.R. bonds, .... 20,000 00 21,200 00
St. Johnsbury & Lake Champ. R.R. bonds, . 20,000 00 26,600 00
Chicago Sanitary bonds, . . . . 20,000 00 21,800 00
Swift & Co. bonds 5,000 00 5,250 00
Marblehead water bonds, 10,000 00 11,300 00
Ogdensburg & Lake Champlain R.R. bonds, . 20,000 00 20,000 00
Rutland Canadian R.R. bonds, .... 20,000 00 20,000 00
$382,900 00 $467,476 50
TKADEKS' AND MECHANICS' MUTUAL FIRE INSURANCE CO. 75
Securities held as collateral for cash loans : —
35 shares Criterion Knitting Co
12 " N. E. Tel. & Telegraph Co., .
Market Value. Loaned Thereon.
$5,250 00 $5,000 00
1,500 00 1,000 00
Summary op Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens) ,
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
All other cash loans,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$17,250 00
120,665 60
2,765 66
467,476 50
6,000 00
30,230 40
3,019 86
16,810 94
1,392 83
14,049 31
$6,750 00 $6,000 00
$679,661 10
Liabilities.
Unearned premiums on outstanding risks, . $320,029 57
Profits or surplus on terminated policies, unpaid, 4,740 80
Commissions and brokerage, .... 1,952 20
Gross liabilities,
326,722 57
Net cash assets, $352,938 53
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources, .
$11,597 16
180,300 45
$191,897 61
14,049 31
$177,848 30
7,174 24
$170,674 06
874 68
7,120 22
23,769 99
Gross cash income, $202,438 95
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
$76,725 75
91,471 70
25,976 36
76 WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO.
Cash paid for salaries of officers and employees, . . . $25,180 80
for State and local taxes, 2,522 61
for rents, 1,600 00
Gross cash expenditures, $223,477 22
Risks and Premiums.
Amount. Cash Prem'a. Conting't Prem'B.
Risks outstanding Dec. 31, 1899, $44,287,212 00 f 673,421 29 $673,421 29
Risks written during 1900, 11,661,062 00 180,300 45 180,300 45
Total, $55,948,274 00 $853,721 74 $853,721 74
Risks terminated during 1900, . 13,182,883 00 206,653 61 206,653 61
In force at end of year, . .$42,765,39100 $647,068 13 $647,068 13
Deduct amount reinsured, . 10,000 00 154 26 154 26
Net amount in force, . . $42,755,391 00 $646,913 87 $646,913 87
Miscellaneous.
Losses incurred during the year, $76,726 00
Profits or surplus returned during 1900, 20, 40 and 70 per cent.
WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE
COMPANY, SPRINGFIELD.
[Incorporated Jan. 18, 1S94. Commenced business Feb. 15, 1S94.]
ELISHA MORGAN, President. CHAS. E. STICKNEY, Secretary.
Summary of Assets Dec. 31, 1900.
Cash in the office of the company, . . . $738 78
Cash in hands of collecting agents, . . . 119 95
Due on account of assessments, 851,238 49
Gross assets, $858 73
Liabilities.
Unearned premiums on outstanding risks,
Returned premiums on cancelled policies,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Gross liabilities,
Balance against the company, .
$1 25
3,189 19
8,065 15
2 82
11,258 41
$10,399 68
Income.
Premiums on risks written or renewed, ..... $2 50
Received from assessments, 133 24
Gross cash income, $135 74
WEST NEWBUKY MUTUAL FIRE INSURANCE CO.
77
Expenditures.
Cash paid for State and local taxes,
Cash paid for incidentals, .
Gross cash expenditures,
$2 83
78 24
$81 07
Risks and Premiums.
Risks outstanding Dec. 31, 1899,
Risks written during 1900,
Total,
Risks terminated during 1900, .
In force at end of year, .
Amount.
$500 00
500 00
1,000 00
500 00
$500 00
Cash Prem's. Conting't Prem's.
$2 50 $7 50
2 50 7 50
$5 00
2 50
$15 00
7 50
$2 50
$7 50
WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, W T EST
NEWBURY.
[Incorporated March, 1828. Commenced business April, 1828.]
RICHARD NEWELL, President. MYRON H. GOODWIN, Secretary.
[Note. — This company charges no cash premiums, but relies upon assessments on
deposit notes to pay losses and expenses.]
Summary of Assets Dec 31, 1900.
Cash in the office of the company,
Cash deposited in bank, .
Unpaid assessments, .
Office furniture,
Gross assets,
Losses adjusted, unpaid, .
Losses claimed and reported,
Due for borrowed money,
Commissions and brokerage,
Gross liabilities, .
ny, .
$63 57
. ■ . •
458 47
. • . .
190 47
. $75 00
Liabilities.
$1,400 00
400 00
5,008 89
68 48
2 51
►,877 37
Income.
Interest and dividends received from all sources,
Income from policy fees,
Assessments on deposit notes, ....
U 25
233 00
1,452 69
Gross cash income,
f 1,689 94
78
WHITING MUTUAL INSURANCE CO.
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for interest on borrowed money,
for incidentals, ....
Gross cash expenditures,
$3,206 82
199 81
470 40
46 06
21 25
83 89
72 04
$4,100 27
Risks outstanding Dec. 31, 1899,
Risks written during 1900,
Total,
Risks terminated during 1900, .
In force at end of year,
Miscellaneous
Losses incurred during the year,
Risks and Premiums.
Amount. Conting't Prem's.
$2,111,076 00 $127,364 77
174,845 00 11,867 15
$2,285,921 00 $139,231 92
405,196 00 22,151 56
$1,880,725 00 $117,080 36
|5,007 00
WHITING MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated Nov. 9, 1898. Commenced business Jan. 1, 1899.]
CHARLES E. STEVENS, President. BENJAMIN TAFT, Secretary.
31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Chicago Terminal Transfer R.R. bonds, .
American Bell Telephone Co. bonds,
New Eng. Tel. & Tel. bonds, .
American Tel. & Tel. bonds, .
Par Value.
$5,000 00
5,000 00
4,000 00
3,000 00
Market Value.
$4,750 00
5,000 00
4,520 00
2,970 00
$17,000 00 $17,240 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule,. . . $17,240 00
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
168 74
6,114 16
322 50
1,571 48
$25,416 88
WHITING MUTUAL INSURANCE CO.
79
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
Net cash assets,
$927 66
17,834 07
17 65
$18,779 38
$6,637 50
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources,
$1,279 99
19,593 04
$20,873 03
1,571 48
$19,301 55
407 75
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$18,893 80
623 49
$19,517 29
$2,580 34
2,012 53
1,500 00
155 75
872 83
',121 45
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $1,778,933 00
Risks written during 1900, . 2,582,047 00
Total,.
Risks terminated during 1900,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$4,360,980 00
860,930 00
$3,500,050 00
163,260 00
Cash Prem's. Conting't Prem's.
$15,970 47 $31,940 94
19,593 04 39,186 08
$35,563 51
4,521 56
$31,041 95
407 75
$71,127 02
9,043 12
$62,083 90
815 50
$3,336,790 00 $30,634 20 $61,268 40
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 75 per cent.
$3,508 00
80 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO.
WORCESTER MANUFACTURERS' MUTUAL INSURANCE COM-
PANY, WORCESTER.
[Incorporated March 31, 1855. Commenced business March 31, 1855.]
WALDO E. BUCK, President. CHARLES S. BACON, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value.
City National Bank (Worcester) stock, . . $6,000 00
Connecticut River R.R. stock, .... 10,000 00
Norwich & Worcester R.R. stock, . . . 5,200 00
Union Pacific R.R. stock (preferred), . . 10,000 00
Northwestern Tel. Co. stock, .... 10,000 00
Concord & Montreal R.R. bonds, . . . 20,000 00
Boston & Lowell R.R. bonds, . 20,000 00
Chicago, Burlington & Quincy R.R. bonds, . 22,000 00
Chicago & Eastern Illinois R.R. bonds, . . 15,000 00
Rutland R.R. bonds 10,000 00
Old Colony R.R. bonds, 15,000 00
Fitchburg R.R. bonds, 15,000 00
Boston & Maine R.R. bonds, .... 20,000 00
Union Pacific R.R. bonds 5,000 00
Oregon Short Line R.R. bonds, . . . 5,000 00
Oregon R'y & Navigation Co. bonds, . . 10,000 00
Atchison, Topeka & Santa Fe R.R. bonds, . 15,000 00
Central R.R. of New Jersey bonds, . . . 10,000 00
Ogdensburg & Lake Champlain R.R. bonds, . 10,000 00
Wisconsin Central R.R. bonds, . . . 10,000 00
Chic. June. R'y & Union Stock Yard Co. bonds, 6,000 00
Connecticut River R.R. scrip, .... 13,000 00
West End Street Railway bonds, . . . 10,000 00
Old Colony Steamboat Co. bonds, . . . 15,000 00
American Bell Telephone Co. bonds, . . 25,000 00
American Tel. & Tel. Co. bonds, . . . 10,000 00
Market Value.
$7,500 00
27,500 00
11,440 00
8,300 00
12,500 00
22,400 00
23,200 00
22,000 00
16,800 00
10,350 00
16,950 00
16,650 00
25,600 00
5,350 00
5,850 00
10,300 00
15,375 00
12,900 00
10,500 00
8,700 00
6,660 00
13,000 00
10,900 00
15,600 00
25,000 00
9,900 00
$322,200 00 $371,225 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$371,225 00
25 40
41,672 79
5,129 00
3,500 06
$421,552 25
WORCESTER MANUFACTURERS* MUTUAL INSURANCE CO. 81
Liabilities.
Unearned premiums on outstanding risks, . $178,540 54
State and local taxes, 907 95
Advanced premiums, 676 89
Gross liabilities,
$180,125 38
Net cash assets, $241,426 87
Income.
Premiums outstanding Dec. 31, 1899, . . $5,890 50
Premiums on risks written or renewed, . . 374,022 49
Total, $379,912 99
Premiums now in course of collection, . . 3,500 06
Entire premiums collected, .... $376,412 93
Less reinsurance and return premiums, . . 16,149 62
Net cash premiums received, ....
Interest and dividends received from all sources, .
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, etc.,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1899, $41,652,449 00 $319,842 27
Risks written during 1900, . 49,115,687 00 374,022 49
Total, $90,768,136 00 $693,864 76
Risks terminated during 1900, . 44,073,566 00 336,783 67
$360,263 31
15,672 07
$375,935 38
$17,887 44
297,725 67
9,292 60
3,559 46
1,000 00
5,623 08
1,795 03
$336,883 28
Conting't Prem's.
$1,599,211 35
1,870,112 45
$3,469,323 80
1,683,918 35
In force at end of year, . .$46,694,570 00 $357,081 09 $1,785,405 45
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during the year, 92 ^^ per cent.
$17,309 00
82
WORCESTER MUTUAL FIRE INSURANCE CO.
WORCESTER MUTUAL FIRE INSURANCE COMPANY,
WORCESTER..
[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.]
JOHN A. FAYERWEATHER, President. ROGER F. UPHAM, Secretary.
Amount of permanent fund, $420,000 00
Detailed Statement of Stocks,
85 shares Worcester National Bank,
22
50
200
34
45
40
10
15
20
25
Central National Bank, .
Citizens 1 National Bank, .
City National Bank,
Mechanics' National Bank,
Quinsigamond National Bank,
Fitchburg Nat'l Bank, Fitchburg,
Oxford National Bank, Oxford,
Blackstone Nat'l Bank, Uxbridge,
First Nat'l Bank, Westborough,
Wachusett Nat'l Bank, Fitchburg,
Boston & Maine R.R. bonds, .
Boston & Albany R.R. bonds, .
Cincin., Hamilton & Dayton R.R. bonds,
Portland & Rumford Falls R.R. bonds,
Fitchburg R.R. bonds,
N. Y., New Haven & Hartford R.R. bonds,
Worcester, Nashua & Rochester R.R. bonds,
Maine Central R.R. bonds,
Penobscot Shore Line R.R. bonds,
Michigan Central R.R. bonds, .
West End Street Railway bonds,
Rutland R.R. bonds, .
Old Colony R.R. bonds, .
Illinois Central R.R. bonds,
Chic, Burl. & Quincy R.R. bonds,
Hum., Cedar Falls & St. Paul R.R bonds,
St. Paul, Minn. & Manitoba R.R. bonds, .
Securities held as collateral for cash loans : —
60 shares Howard Bros Mfg. Co., .
Illinois Central R.R. bond, ....
Mechanics' Savings Bank book,
Bonds, etc.
Par Value.
$8,500 00
2,200 00
5,000 00
20,000 00
3,400 00
4,500 00
4,000 00
1,000 00
1,500 00
2,000 00
2,500 00
15,000 00
10,000 00
12,000 00
10,000 00
25,000 00
10,000 00
8,000 00
5,000 00
5,000 00
6,000 00
5,000 00
3,000 00
20,000 00
26,000 00
15,000 00
5,000 00
10,000 00
Market Value.
$13,600 00
2,860 00
7,000 00
25,000 00
3,400 00
6,525 00
6,000 00
1,000 00
1,500 00
2,000 00
3,125 00
17,000 00
10,800 00
12,960 00
10,500 00
27,000 00
11,200 00
8,480 00
5,400 00
5,250 00
6,480 00
5,000 00
3,000 00
21,600 00
26,000 00
15,000 00
5,250 00
11,000 00
$244,600 00 $273,930 00
Market Value.
16,000 00
1,000 00
1,000 00
Loaned Thereon.
$5,000 00
1,000 00
500 00
$8,000 00 $6,500 00
WORCESTER MUTUAL FIRE INSURANCE CO.
83
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
All other cash loans,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
31, 1900.
$100,000 00
366,681 00
7,351 94
273,930 00
6,500 00
1,975 00
1,554 55
24,302 92
4,371 13
12,697 11
773 23
$800,136 88
Liabilities.
Losses adjusted, unpaid, $2,000 00
Unearned premiums on outstanding risks, . 308,608 35
Return premiums on cancelled policies, . . 660 39
Profits or surplus on terminated policies, unpaid, 2,832 54
Due and accrued for repairs on real estate, . 5,000 00
Commissions and brokerage, .... 3,824 67
Gross liabilities,
322,925 95
Net cash assets, $477,210 93
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected, .... $151,501 18
Less reinsurance and return premiums, . . 5,472 62
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends received from all sources, .
Received on account of damage to office building by fire,
Income from rents,
$11,716 77
152,481 52
$164,198 29
12,697 11
Gross cash income,
- $146,028 56
590 20
29,351 49
871 75
7,745 21
. $184,587 21
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$•2-26,200 00
404,500 00
377,050 00
84
WORCESTER MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
Deduct salvage,
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, etc., .
for expense on real estate,
for incidentals, ....
Gross cash expenditures, ....
$33,367 69
19 07
$33,348 62
82,907 17
20,164 41
14,557 83
4,639 22
9,577 09
5,847 56
$171,041 90
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $43,068,893 00 $606,60102 $606,60102
Risks written during 1900, . 10,581,290 00 152,481 42 152,481 42
Total, .... $53,650,183 00 $759,082 44 $759,082 44
Risks terminated during 1900, . 10,203,515 00 148,096 93 148,096 93
In force at end of year,
.$43,446,668 00 $610,985 51 $610,985 51
Miscellaneous.
Losses incurred during the year, $35,368 00
Profits or surplus returned during 1900, 25, 50 and 70 per cent.
AGGREGATE.
$100,000
Assets.
$11,643,453
Liabilities.
Gross present liabilities,
$5,560,649
Income.
Cash received for premiums during the year, .
$5,654,423
for interest and dividends, ....
430,630
for assessment on deposit notes, .
6,140
for rents,
22,866
from all other sources,
36,806
Gross cash income,
$6,150,865
Expenditures.
Cash paid for losses,
$1,131,494
for brokerage and commissions on premiums, .
265,230
for salaries and fees of officers and employees, .
307,352
for interest on borrowed money,
776
for State and local taxes,
72,925
for rents,
19,351
for return of profits or surplus, ....
3,774,013
for dividends on guaranty capital,
7,000
for all other expenditures,
265,187
Total expenditures,
$5,843,328
General Items.
Risks written during the year, ......
$629,380,446
terminated during the year,
579,356,564
outstanding at end of year,
946,323,400
Amount of contingent premiums received thereon,
26,249,281
of losses incurred during the year,
1,119,595
of permanent fund,
4,116,879
MASSACHUSETTS
Mutual Fire-Marine Insurance Companies.
Detailed Statement of Assets and Liabilities, with Abstract
op Annual Statements, for the Year ending
December 31, 1900.
88
CHINA MUTUAL INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
CHINA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 30, 1S53. Commenced business Oct. 1, 1853.]
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary.
Office, 70 Kilby Street.
Detailed Statement of Stocks and Bonds.
Par Valae.
300 shares N. Y., New Haven & Hart. R.R., . $30,000 00
200 " Boston & Albany Railroad, . . 20,000 00
Atlantic Mutual Insurance Co. scrip, . . 1,210 00
Market Value.
$50,800 00
63,000 00
1,210 00
$51,210 00 $115,010 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Reinsurance due on losses paid,
Bills receivable,
Gross assets,
$115,010 00
10,545 31
22,357 31
62,967 99
41,540 48
4,000 00
5,000 00
$261,421 09
Liabdlities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Unpaid scrip ordered to be redeemed,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, etc., .
Gross liabilities, except scrip, .
Surplus as regards policy holders,
Scrip outstanding, not ordered to be redeemed,
Impairment of scrip reserve, .
$10,830 00
30,036 00
$40,866 00
2,000 00
$38,866 00
145,687 37
60 00
1,000 00
3,000 00
188,613 37
|72307 72
506,090 00
$433,282 28
CHINA MUTUAL INSURANCE CO.
89
Income.
Marine premiums outstanding Dec. 31, 1899, . $63,868 60
Premiums on risks written or renewed, . . 483,574 52
Total, $547,443 12
Premiums now in course of collection, . . 62,967 99
Entire premiums collected, .... $484,475 13
Less reinsurance and return premiums, . . 83,233 90
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
Gross cash income,
$401,241 23
1,737 53
$402,978 76
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
$323,263 57
53,784 51
$269,479 06
27,260 23
18,275 00
4,708 98
9,677 30
$329,400 57
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated;
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Risks and Premiums.
Premiums.
. $6,013,784 00 $140,408 68
. 34,107,048 00 483,574 52
$40,120,832 00 $623,983 20
31,056,205 00 371,642 89
$9,064,627 00 $252,340 31
407,129 00 21,326 83
$8,657,498 00 $231,013 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Marine and inland losses incurred during the year,
$18,122,512 00
. 12,974,879 00
172,857 00
90
INDIA MUTUAL INSURANCE CO.
INDIA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated March 29, 1867. Commenced business May 2, 1867.]
Guaranty Fund paid up in Notes, $140,000.
H. B. ALDEN, President. GEO. H. CROWELL, Secretary.
Office, 107 Water Street.
Detailed Statement of Stocks,
150 shares Old Colony R.R., .
80 " Boston & Maine R.R., .
125 " West End R.R.,
100 « N. Y., New Haven & Hart. R.R.,
25 " Fitchburg R.R.,
10 " Boston & Albany R.R., .
10 " Pullman Palace Car Co.,
10 " Southern Oregon Co.,
25 " National Tube, preferred,
Long Island R.R. bonds, ....
Company's own scrip, . . $5,801 00
Bonds, etc.
Par Value.
$15,000 00
8,000 00
6,250 00
10,000 00
2,500 00
1,000 00
1,000 00
1,000 00
• 2,500 00
2,000 00
Market Value.
$30,450 00
15,600 00
14,062 00
21,150 00
3,500 00
2,540 00
2,000 00
250 00
2,650 00
2,260 00
$49,250 00 $94,462 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, . . . $94,462 00
Cash in the office of the company, . . . 1,017 95
Cash deposited in bank, 1,017 34
Premiums in course of collection (gross), . 9,370 88
Subscription notes on time not exceeding twelve
months, not yet due 140,000 00
Prem's more than three mos. due, $275 78
Gross assets,
$245,868 17
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Interest due or accrued on scrip,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
$500 00
3,594 14
2,248 78
$6,342 92
37 50
$6,305 42
35,921 68
595 38
125 33
2,061 40
INDIA MUTUAL INSURANCE CO.
91
Reinsurance,
Reinsurance disallowed,
Gross liabilities, except guaranty fund, .
Surplus as regards policy holders, .
Guaranty fund,
Scrip outstanding, not ordered to be redeemed,
$182 21
18 27
|45,209 69
$200,658 48
290,471 00
0140,000 00
150,471 00
Surplus over capital,
,812 52
Income.
Fire premiums outstanding Dec. 31, 1899, . $3,959 79
Premiums on risks written or renewed, . . 69,469 77
Total, $73,429 56
Premiums now in course of collection, . . 9,646 66
Entire premiums collected, .... $63,782 90
Less reinsurance and return premiums, . . 11,196 41
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from rents, etc.,
$52,586 49
3,447 87
70 00
Gross cash income, , $56,104 36
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Interest paid scrip holders, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$34,176 54
780 88
Fire risks outstanding Dec. 31, 1899, #
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$5,328,457 00
6,144,050 00
$11,472,507 00
5,201,745 00
$6,270,762 00
392,509 00
$33,395 66
1,446 11
11,378 59
6,764 50
356 93
2,901 12
$56,242 91
Premiums.
$61,459 76
69,469 77
$130,929 53
57,303 49
$73,626 04
4,027 69
$5,878,253 00 $69,598 35
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
$3,762,324 00
2,714,296 00
35,869 00
AGGREGATE.
Whole amount of guaranty fund, in subscription notes,
Whole amount of outstanding scrip not cancelled, .
Gross present assets,
Assets.
Liabilities.
Gross present liabilities,
Income.
Cash actually received for fire premiums, .
actually received for marine premiums, .
for interest and dividends from all sources,
from all other sources,
Gross cash income,
Expenditures.
Cash actually paid during the year for fire losses,
actually paid during the year for marine losses,
for brokerage and commissions on premiums,
for salaries and pay of officers and employees,
for State and local taxes, ....
for office agency and incidental expenses, .
Interest paid scrip holders,
Gross cash expenditures, ....
Miscellaneous.
Whole amount of fire risks written during the year,
premiums charged or receivable thereon,
marine risks written during the year,
premiums charged or receivable thereon,
fire risks terminated during the year,
marine risks terminated during the year,
fire risks outstanding at end of year,
marine risks outstanding at end of year,
fire losses incurred during the year,
marine losses incurred during the year,
* 140,000
656,561
$507,289
$233,823
$52,587
401,241
5,185
70
§459,083
833,396
269,479
38,639
25,039
5,065
12,580
1,446
§385,644
$6,144,050
69,470
34,107,048
483,575
5,201,745
31,056,205
5,878,253
8,657,498
35,869
172,857
MASSACHUSETTS
JOINT-STOCK FIRE, MAEINE AND FIRE-MARINE
INSURANCE COMPANIES.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending
December 31, 1900.
94
AMERICAN INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
AMERICAN INSURANCE COMPANY, BOSTON.
[Incorporated June 12, 1818. Commenced business June 18, 1818.]
Paid-up Capital, $300,000.
FRANCIS PEABODY, President. HENRY S. BEAN, Secretary.
Office, 30 Kilby Street.
Detailed Statement of Stocks
62 " New England National Bank,
66 " Suffolk National Bank, .
152 " State National Bank,
280 " National Union Bank, .
100 " Merchants' National Bank,
28 " Tremont National Bank, .
69 " Washington National Bank, .
193 " National Shawmut Bank,
578 " Boston & Albany R.R., .
13 " Boston & Lowell R.R., .
200 " Old Colon}- Railroad,
80 " Merrimack Manufacturing Co.,
Chicago, Burl. & Quincy R.R. bonds,
Eastern R.R. bonds,
Chic, Mil. & St. Paul R.R. bonds, .
Cincinnati, Ind., St. Louis & Chic. R.R. bonds
Massachusetts State bonds,
United States bonds, ....
Boston Terminal Co. bonds,
and Bonds.
Par Value.
$22,200 00
6,200 00
6,600 00
15,200 00
28,000 00
10,000 00
2,800 00
6,900 00
19,300 00
57,800 00
6,500 00
20,000 00
8,000 00
48,000 00
20,000 00
25,000 00
40,000 00
18,000 00
6,000 00
20,000 00
Market Value.
$22,200 00
8,742 00
7,326 00
16,340 00
37,240 00
16,400 00
280 00
7,452 00
32,906 50
144,500 00
15,665 00
40,600 00
8,720 00
48,000 00
22,800 00
32,500 00
41,600 00
19,215 00
8,280 00
23,100 00
$386,500 00 $553,866 50
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
$553,866 50
1,992 36
19,189 39
2,802 82
46,640 11
142 33
$624,633 51
AMERICAN INSURANCE CO.
95
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$3,232 17
14,969 10
$18,201 27
3,064 78
$15,136 49
170,340 17
5,308 61
249 12
8,469 52
10,959 83
87 50
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1899, . $32,951 13
Premiums on risks written or renewed, . . 304,187 12
Total $337,138 25
Premiums now in course of collection, . . 46,640 11
Entire premiums collected, .... $290,498 14
Less reinsurance and return premiums, . . 78,501 99
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Gross cash income,
Expenditures.
Cash paid for fire losses, $162,097 96
Deduct salvage and reinsurance, . . . 30,913 71
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Loss on Globe Bank stock, ....
Loss on C. B. & Q. bond,
$210,551 24
$414,082 27
300,000 00
$114,082 27
$211,996 15
21,615 13
$233,611 28
$131,184 25
9,000 00
47,028 51
20,681 14
8,918 75
17,633 85
17,000 00
10 00
Gross cash expenditures,
$251,456 50
96
BOSTON INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $34,448,693 00 $368,704 93
Fire risks written during 1900, . . . 28,844,803 00 304,187 12
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $63,293,496 00 $672,892 05
. 25,241,598 00 264,115 54
.$38,051,898 00 $408,776 51
. 7,477,763 00 84,579 32
. $30,574,135 00 $324,197 19
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (3 per cent.), .
Company's stock owned by directors,
$12,798,106 00
8,603,318 00
123,531 00
2,860,500 00
9,000 00
39,700 00
BOSTON INSURANCE COMPANY, BOSTON.
[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1S74.]
Paid-up Capital, $1,000,000.
RANSOM B. FULLER, President. THOMAS H. LORD, Secretary.
Office, 95 Kilby Street.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Boston eity bonds, $125,000 00 $138,875 00
Chicago, Burl. & Quincy R.R. bonds, . . 10,000 00 10,330 00
Brookline Gas Light Co. bonds, . . . 25,000 00 27,406 25
Newton city bonds, 25,000 00 28,000 00
West Shore R.R. bonds, 5,000 00 5,800 00
Boston & Lowell R.R. bonds 25,000 00 28,312 50
Oregon Short Line R.R. bonds, . . . 10,500 00 13,485 00
Louisville, Evansville & St. Louis R.R. bonds, 2,000 00 1,800 00
Fitchburg R.R. bonds 35,000 00 39,312 50
Wisconsin Central R.R. bonds, . . . 12,000 00 10,650 00
Illinois Central R.R. bonds 25,000 00 25,781 25
N. Y. Central & Hudson River R.R. bonds, . 20,000 00 19,650 00
Old Colony R.R bonds, 15,000 00 16,800 00
Atchison, Topeka & Santa Fe R.R. bonds, . 86,000 00 83,240 00
Toledo, St. Louis & Kansas City R.R. bonds, . 20,000 00 26,000 00
BOSTON INSURANCE CO.
97
Great Britain exchequers, ....
475 shares American Tel. & Tel. Co.,
350 " Boston & Albany R.R., .
100 " Boston & Lowell R.R., .
540 " Chic, Burl. & Quincy R.R. Co.,
250 " Fitchburg R.R. Co., .
297 " Iron Railway Co., .
600 " N. Y. Cent. & Hud. River R.R. Co
300 " N. Y., New Haven & Hart. R.R. Co
100 " Old Colony R.R. Co.,
300 " Pullman Palace Car Co.,
50 " Conn. & Passumpsic Riv. R.R. Co.,
565 " Atch., Topeka & Santa Fe R.R. Co.
400 " Union Pacific R.R. Co., .
120 " Wisconsin Central R'y Co., .
200 " Chicago, Milwaukee & St. Paul R'y
600 " Pennsylvania R.R. Co., .
530 " Tol., St. Louis & Kan. City R.R. Co.
200 " Manchester Mills,
100 " Atlantic Bank, .
110 " Atlas Bank,
130 " Beverly Bank, .
100 " Brookline Bank,
182 " Commercial Bank,
300 " Eliot Bank, .
100 " Exchange Bank,
100 " First Bank,
100 " First Bank, Salem,
125 " Freeman's Bank,
17 " Grand Bank, Marblehead,
110 " Hide & Leather Bank, .
166 " Lincoln Bank (in liquidation),
250 " Massachusetts Bank,
100 " Mercantile Bank, Salem,
250 " Merchants' Bank, .
100 " Merchants' Bank, Salem,
200 " National Shawmut Bank,
100 " Naumkeag Bank, Salem,
150 " New England Bank,
100 " Old Boston Bank, .
50 " Railroad Bank, Lowell,
150 " Republic Bank,
200 " Second Bank, .
300 " State Bank, .
67 " Suffolk Bank, .
50 M Tremont Bank (in liquidation),
Par Value.
$14,535 00
47,500 00
35,000 00
10,000 00
54,000 00
25,000 00
29,700 00
60,000 00
30,000 00
■ 10,000 00
30,000 00
5,000 00
56,500 00
40,000 00
12,000 00
20,000 00
30,000 00
53,000 00
20,000 00
10,000 00
11,000 00
13,000 00
10,000 00
18,200 00
30,000 00
10,000 00
10,000 00
10,000 00
12,500 00
1,700 00
11,000 00
1,660 00
25,000 00
10,000 00
25,000 00
5,000 00
20,000 00
10,000 00
15,000 00
10,000 00
5,000 00
15,000 00
20,000 00
30,000 00
6,700 00
2,500 00
Market Value.
$14,244 30
73,625 00
88,900 00
24,200 00
76,882 50
35,000 00
14,850 00
86,700 00
63,450 00
20,350 00
60,600 00
8,100 00
50,285 00
33,406 25
3,570 00
29,325 00
44,662 50
10,600 00
19,200 00
11,612 50
11,275 00
18,590 00
12,500 00
25,480 00
42,900 00
14,000 00
18,000 00
8,500 00
12,500 00
1,972 00
11,715 00
1,660 00
25,000 00
10,225 00
41,062 50
6,500 00
34,000 00
12,600 00
21,112 50
10,000 00
6,287 50
21,000 00
35,000 00
32,250 00
7,437 00
2,500 00
$1,370,995 00 $1,689,072 05
98
BOSTON INSUEANCE CO.
Securities held as collateral for cash loans : —
Market Value. Loaned Thereon.
83 shares Boston Safe Deposit and Trust Co.,. $18,675 00 $15,000 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $20,000 00
Loans on mortgage of real estate (first liens *) , 1 ,035,850 00
Interest due or accrued thereon, . . . 5,864 26
Stocks and bonds, as per schedule, . . . 1,689,072 05
Loans on collateral security, as per schedule, . 15,000 00
Cash in the office of the company, . . . 15,091 29
Cash deposited in bank, 284,343 85
Interest due and accrued, 3,555 18
Premiums in course of collection (gross), . 252,503 31
Notes taken for fire, marine and inland risks, . 92,817 62
Atlantic Mutual Insurance Co. scrip, . . 1,750 00
Prem's more than three mos. due, $9,642 55
Matured notes not paid, . . 9,884 57
Gross assets,
$3,415,847 56
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
Income
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$17,758 18
158,238 76
?175,996 94
4,092 69
$171,904 25
681,844 20
28,462 36
6,767 88
450 24
- 889,428 93
. $2,526,418 63
. 1,000,000 00
$1,526,418 63
$75,773 13
830,068 44
$905,841 57
52,546 42
$853,295 15
211,601 97
$641,693 18
* Value of property mortgaged,
Amount of insurance held as collateral,
$2,387,100 00
S78.700 00
BOSTON INSURANCE CO.
99
Marine premiums outstanding Dec. 81, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, $470,110 20
Deduct salvage and reinsurance, . . . 91,427 19
Net cash paid for fire losses, .
Cash paid for marine and inland losses, . . $475,005 71
Deduct salvage and reinsurance, . . . 95,959 10
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for repairs on real estate,
for assessment on Globe National Bank stock,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
$266,345 12
1,116,152 76
$1,382,497 88
312,301 63
$1,070,196 25
193,453 48
sources,
$876,742 77
39,258 53
69,284 35
1,733 99
6,227 45
$1,634,940 27
Risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,.
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $65,354,380 00
. 77,636,469 00
$142,990,849 00
. 57,649,412 00
.$85,341,437 00
. 11,635,991 00
$378,683 01
379,046 61
100,000 00
222,390 36
125,843 36
26,043 15
462 26
15,000 00
92,722 80
$1,340,191 55
»
Premiums.
$662,239 92
830,068 44
$1,492,308 36
577,157 39
$915,150 97
118,370 77
. $73,705,446 00 $796,780 20
. $6,500,190 00
. 163,376,724 00
$169,876,914 00
. 163,274,015 00
. $6,602,899 00
394,828 00
$401,083 55
1,116,152 76
$1,517,236 31
1,091,082 07
$426,154 24
22,692 26
$6,208,071 00 $403,461 98
100
MERCANTILE FIRE AND MARINE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
131,367,090 00
21,457,135 00
478,826 00
461,716 00
2,230,000 00
100,000 00
74,400 00
MERCANTILE FIRE AND MARINE INSURANCE COMPANY,
BOSTON.
[Incorporated Feb. 11, 1823. Commenced business May, 1823.]
Paid-up Capital, $400,000.
GEO. R. ROGERS, President. JAMES SIMPSON, Secretary.
Office, 47 Kilby Street.
Detailed Statement of Stocks
Atlantic National Bank stock, .
Globe National Bank stock,
New England National Bank stock,
Railroad National Bank stock, .
State National Bank stock,
Suffolk National Bank stock, .
Tremont National Bank stock, .
Union National Bank stock,
Boston & Providence R.R. stock,
Chicago, Burl. & Quincy R.R. stock
Lyman, Mills stock, .
Union Pacific R.R. stock, .
City of Boston bonds,
Kan. City, Ft. Scott & Memphis R.R. bonds,
Oregon Ry. & Navigation Co. bonds
Concord & Montreal R.R. bonds,
Old Colony R.R. bonds, .
Old Colony R.R. bonds, .
City of Cambridge, Mass., bonds,
Boston & Albany R.R. bonds, .
Boston & Lowell R.R. bonds, .
City of Lowell, Mass., bonds, .
Boston & Maine R.R. bonds, .
City of Taunton bonds,
Fitchburg R.R. bonds,
Fitchburg R.R. bonds,
City of Providence, R. I., bonds,
Boston Terminal Co. bonds,
and Bonds.
Par Value.
$10,000 00
30,000 00
16,000 00
1,800 00
17,800 00
35,600 00
10,000 00
20,000 00
20,000 00
11,000 00
10,000 00
3,500 00
10,000 00
5,000 00
2,000 00
10,000 00
10,000 00
15,000 00
5,000 00
15,000 00
5,000 00
5,000 00
10,000 00
5,000 00
3,000 00
1,000 00
10,000 00
15,000 00
Market Value.
$11,300 00
22,400 00
2,196 00
18,334 00
38,448 00
26,000 00
57,000 00
15,400 00
6,500 00
2,835 00
10,300 00
5,600 00
2,020 00
10,600 00
10,900 00
16,050 00
5,250 00
15,450 00
5,200 00
5,500 00
11,000 00
5,500 00
3,000 00
1,050 00
11,200 00
16,950 00
$311,700 00 $335,983 00
MERCANTILE FIRE AND MARINE INSURANCE CO.
101
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *) , $ 184,100 00
Stocks and bonds, as per schedule, . . . 335,983 00
Cash in the office of the company, . . . 827 31
Cash deposited in bank, 23,415 42
Premiums in course of collection (gross), . 28,789 14
Prem's more than three mos. due, $1,041 56
Gross assets, $573,114 87
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc , .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$11,992 48
8,172 00
$20,164 48
4,641 09
$15,523 39
122,466 04
3,005 55
14 50
4,482 32
3,275 85
Surplus over capital, .
148,767 65
$424,347 22
400,000 00
$24,347 22
Income.
Fire premiums outstanding Dec. 31, 1899, . $37,508 43
Premiums on risks written or renewed, . . 273,904 51
Total, $311,412 94
Premiums now in course of collection, . . 29,830 70
Entire premiums collected, .... $281,582 24
Less reinsurance and return premiums, . . 122,796 19
Net cash fire premiums received, . . .
Cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$158,786 05
910 70
7,226 12
15,176 92
$182,099 79
* Value of lands mortgaged $201,225 00
Value of buildings thereon, 187,900 00
Amount of insurance held as collateral 194,050 00
102
NORTH AMERICAN INSURANCE CO.
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$34,967,947 00
. 26,740,609 00
.$61,708,556 00
. 23,984,104 00
. $37,724,452 00
. 11,840,548 00
$114,254 56
33,824 50
22,186 02
4,127 50
29,985 86
$204,378 44
Premiums.
$361,582 42
273,904 51
$635,486 93
239,227 80
$396,259 13
116,284 20
. 825,883,904 00 $279,974 93
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$9,362,924 00
6,164,072 00
101,726 00
2,292,720 00
31,600 00
NORTH AMERICAN INSURANCE COMPANY, BOSTON.
[Incorporated December, 1872. Commenced business Jan. 1, 1873.]
Paid-up Capital, $200,000.
CHARLES E. MACULLAR, President. CHARLES L. WOODSIDE, Secretary.
Office, 59 Kilby Street.
Detailed Statement of Stocks
Newton city bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Chicago, Burl. & Quincy R.R. bonds,
Kan. City, Memp. & Birm. R.R. bonds, .
Central R.R. of Vermont bonds,
Ogdensburg & Lake Champlain R.R. bonds,
Boston & Maine R.R. bonds,
Union Pacific R.R. bonds, ....
Balance due on 138 shares Boston National
Bank (in liquidation), ....
17 shares Exchange National Bank,
29 " Hide & Leather National Bank,
cks and Bonds.
Par Value.
Market Value.
$15,000 00
$18,000 00
5,000 00
9,350 00
19,000 00
19,900 00
7,000 00
5,875 00
5,000 00
4,500 00
4,000 00
3,920 00
10,000 00
12,800 00
15,000 00
i
16,050 00
i
126 00
1,700 00
2,380 00
2,900 00
3,088 50
NORTH AMERICAN INSURANCE CO.
103
150 shares Merchants' National Bank,
143 " Old Boston National Bank, .
50 " Shoe & Leather National Bank,
100 " State National Bank,
67 " Suffolk National Bank, .
50 " Northern R.R.,
4 " Central R.R. of Vermont,
Chicago June. & U. S. Y. R.R. Co. bonds,
Fitchburg R.R. Co. bonds,
New Britain, Conn., city bonds,
Clinton town bonds,
American Bell Telephone Co. bonds,
Par Value.
$15,000 00
14,300 00
5,000 00
10,000 00
6,700 00
5,000 00
400 00
10,000 00
10,000 00
10,000 00
10,000 00
25,000 00
Market Value.
$2-1,750 00
14,300 00
6,525 00
10,750 00
7,437 00
8,250 00
32 00
11,250 00
11,350 00
10,750 00
10,775 00
25,000 00
$206,000 00 $237,158 50
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest accrued thereon, ....
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $165 43
Gross assets, . . .
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Dividends to stockholders unpaid, .
Due for borrowed money,
Commissions and brokerage, .
Return premiums, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$46,550 05
59,050 00
776 71
237,158 50
1,850 74
1,624 14
2,666 66
37,827 40
287 00
$387,791 20
$12,347 72
4,317 84
$16,665 56
8,595 59
$8,069 97
121,739 00
128 00
35,000 00
3,698 92
212 25
199 91
169,048 05
$218,743 15
200,000 00
,743 15
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$38,700 00
1 78,700 00
70,150 00
104
NORTH AMERICAN INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total, . . . . ' .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Received from borrowed money,
Gross cash income,
$22,490 56
218,981 58
$241,472 14
37,992 83
$203,479 31
62,086 65
other sources, .
$35,000 00
$141,392 66
3,911 17
7,783 09
1,895 54
$154,982 46
Expenditures.
Cash paid for fire losses, $155,366 64
Deduct salvage and reinsurance, . . . 29,368 67
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes, .
for incidentals,
for assessment on Globe National Bank stock,
Gross cash expenditures,
$125,997 97
3,872 00
29,157 74
19,290 00
3,427 62
13,502 44
9,500 00
$204,747 77
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $37,008,888 00
. 23,156,402 00
$60,165,290 00
27,199,902 00
$32,965,388 00
5,431,904 00
Premiums.
$337,534 70
218,981 58
$556,516 28
244,677 37
$311,838 91
57,914 96
. $27,533,484 00 $253,923 95
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (2 per cent.), .
Company's stock owned by directors, .
$3,475,881 00
2,798,187 00
122,208 00
373,000 00
4,000 00
60,500 00
SPRINGFIELD FIRE AND MARINE INSURANCE CO. 105
SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY,
SPRINGFIELD.
[Incorporated 1849. Commenced business 1851.]
Paid-up Capital, $1, 500,000.
A. W. DAMON, President. W. J. MACK AY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value
1,500 shares Boston & Albany R.R., . . $150,000 00 $367,500 00
500 " Boston & Lowell R.R., . . . 50,000 00 117,500 00
115 » Chic, Burl. & Quincy R.R., . . 11,500 00 15,525 00
950 » Chic, Milwaukee & St. Paul R'y, 95,000 00 171,000 00
400 " Connecticut River R.R., . . 40,000 00 108,000 00
500 " Conn. & Passumpsic Rivers R.R., 50,000 00 52,500 00
500 " Fitchburg Railroad, . . . 50,000 00 65,000 00
550 " Great Northern Railway, . . 55,000 00 99,000 00
563 " Illinois Central Railroad, . . 56,300 00 70,375 00
1,000 " New York & Harlem Railroad, . 50,000 00 200,000 00
2,050 " N. Y., New Haven & Hart. R.R., . 205,000 00 420,250 00
500 " Old Colony R.R., .... 50,000 00 100,000 00
2,200 " Pennsylvania Railroad, . . 110,000 00 154,000 00
240 " Rome, Watert'n & Ogdens. R.R.,. 24,000 00 30,000 00
1,000 " Union Pacific Railroad, . . 100,000 00 75,000 00
200 ■ " Continental National Bank, N. Y., 20,000 00 28,000 00
200 " Fourth National Bank, N. Y., . 20,000 00 35,000 00
100 " Nat'l Bank of Commerce, N. Y., . 10,000 00 32,000 00
100 " Nat'l Bank of N. America, N. Y., 10,000 00 20,000 00
100 " Atlas National Bank, Boston, . 10,000 00 10,000 00
150 " Boylston National Bank, Boston, . 15,000 00 15,600 00
100 " Eliot National Bank, Boston, . 10,000 00 14,000 00
62 " Freeman's National Bank, Boston, 6,200 00 6,200 00
100 " Merchants 1 Nat'l Bank, Boston, . 10,000 00 16,300 00
200 " N'IB'k of Common wealth, Boston, 20,000 00 37,800 00
100 " Nat'l Bank of Commerce, Boston, 10,000 00 11,000 00
100 " National Exchange Bank, Boston, 10,000 00 14,000 00
150 " National Shawmut Bank, Boston, 15,000 00 25,200 00
100 " National Webster Bank, Boston, . 10,000 00 9,600 00
100 " New England Nat'l Bank, Boston, 10,000 00 14,000 00
100 " Old Boston Nat'l Bank, Boston, . 10,000 00 10,000 00
100 " Washington National B'k, Boston, 10,000 00 10,300 00
203 " Agawam Nat'l Bank, Springfield, 20,300 00 10,150 00
100 " Chapin Nat'l Bank, Springfield, . 10,000 00 12,000 00
104 " Chicopee Nat'l Bank, Springfield, 10,400 00 16,120 00
100 " City National Bank, Springfield, . 10,000 00 14,400 00
200 " First National Bank, Springfield, 20,000 00 21,000 00
200 '• John Hancock N'l B'k, Springfield, 20,000 00 21,000 00
106
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
127 shares Pynchon Nat'l Bank, Springfield,
200 " Second National B'k, Springfield,
215 " Third Nat'l Bank, Springfield,
71 " First National Bank, Chicopee,
67 " Franklin Co. Nat'l B'k, Greenfield,
250 " City National Bank, Holyoke,
50 " First National Bank, Lynn, .
51 " Monson National Bank, Monson,
20 " Adams Nat'l Bank, No. Adams,
60 " First Nat'l Bank, Northampton,
50 " Northampton N'IB'k, N'hampton
37 " Palmer National Bank, Palmer,
75 " Ware National Bank, Ware,
100 " St. Paul N'l Bank, St. Paul, Minn.
500 " Pullman Palace Car Co.,
1,500 " West End Street Railway,
700 " Holyoke Street Railway,
1,000 " Springfield Street Railway,
United States bonds, ....
Chicago, Burl. & Quincy R R. bonds,
Chicago, Milwaukee & St. Paul R'y bonds,
Chic. & Northwest'n R'y sinking fund bonds,
Kan. City, St Joe. & Council Bluffs R.R. bonds
N. Y., New Haven & Hartford R.R. bonds,
St. Paul, Minn. & Manitoba Railway bonds,
Berkshire (Mass.) Water Co. bonds,
Holyoke Street Railway bonds,
Torrington Co. bonds, ....
Securities held as collateral for cash loans :
Par Value.
$12,700 00
20,000 00
21,500 00
7,100 00
6,700 00
25,000 00
5,000 00
5,100 00
2,000 00
6,000 00
5,000 00
3,700 00
7,500 00
10,000 00
50,000 00
75,000 00
70,000 00
100,000 00
60,000 00
14,000 00
10,000 00
50,000 00
100,000 00
60,000 00
50,000 00
15,000 00
8,000 00
25,000 00
Market Value~
£ 15,240 00
26,000 00
45,150 00
9,585 00
6,834 00
30,000 00
5,500 00
6,885 00
2,300 00
7,380 00
10,000 00
4,625 00
7,875 00
8,000 00
95,000 00
155,000 00
140,000 00
200,000 00
75,000 00
14,000 00
17,500 00
57,500 00
115,000 00
114,000 00
58,000 00
15,000 00
8,000 00
25,000 00
$2,218,000 00 $3,723,694 00
30 shares Third National Bank, Springfield, .
68 '
135
31
90
30
5
200
Boston & Albany R.R. Co.,
N. Y., N. H. & Hartford R.R. Co., .
Agawam Nat'l Bank, Springfield, .
Revere, Mass., Water Co.,
Eastern Oil Co., Olean, N. Y.,
Southworth Co., West Springfield,
Revere, Mass., Water Co.,
Market Value.
§6,300 00
16,660 00
27,675 00
1,550 00
18,000 00
3,150 00
5,000 00
40,000 00
Loaned Thereon ~
$2,775 00
6,500 00
1,000 0O
9,000 00
2,000 0G
4,250 00
15,000 00
§118,335 -00 $40,525 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $125,000 00
Loans on mortgage of real estate (first liens *), 616,800 00
* Value of lands mortgaged, .
Value of buildings thereon,
Amoun t of insurance held as collateral,
'440,400 00
719,700 00
704,000 00
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
107
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance,
Liabilities.
$16,612 77
3,723,694 00
40,525 00
13,179 70
198,562 69
31,143 36
391,502 59
664 17
1,932 96
Losses adjusted, unpaid, $63,667 72
claimed and reported, .... 146,610 36
disputed or resisted, .... 20,350 94
Total amount of losses, $230,629 02
Less reinsurance, 38,222 27
Net amount of unpaid losses, .... $192,406 75
Unearned premiums on outstanding risks, . 1,569,772 79
Commissions and brokerage, .... 78,300 52
Reinsurance disallowed, 2,652 04
Gross liabilities, except capital, . . f 1,843,132 10
Deduct liability on special deposits, . . 22,288 31
Surplus as regards policy holders,
Paid-up capital,
1,159,617 24
75,000 00
1,084,617 24
Surplus over capital, .
1,820,843 79
53,263,773 45
1,500,000 00
11,763,773 45
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$362,994 63
2,543,613 63
$2,906,608 26
391,502 59
$2,515,105 67
572,785 32
sources,
$1,942,320 35
32,284 81
150,162 70
4,653 35
$2,129,421 21
108
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct reinsurance,
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
81,335,234 30
192,527 10
$1,142,707 20
150,000 00
354,910 29
110,745 57
92,282 18
213,817 51
f 2,064,462 75
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$308,104,334 00 $3,054,815 61
236,949,609 00 2,543,613 63
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$545,053,943 00 $5,598,429 24
202,670,909 00 2,158,999 00
$342,383,034 00 $3,439,430 24
34,854,367 00 328,188 61
$307,528,667 00 $3,111,241 63
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$45,472,684 00
27,459,197 00
1,162,470 00
4,004,542 00
150,000 00
94,300 00
AGGREGATE.
Capital Stock.
Whole amount of capital actually paid up in cash,
83,400,000
Assets.
Gross present assets,
$10,086,004
Liabilities.
Gross present liabilities,
$3,238,640
Income.
Cash actually received for fire premiums, ....
$3,096,188
actually received for marine premiums,
877,654
for interest and dividends from all sources,
346,702
from all other sources,
14,510
Gross cash income,
$4,335,054
Expenditures.
Cash actually paid during the year for fire losses,
$1,892,827
actually paid during the year for marine losses,
379,047
dividends to stockholders,
262,872
for brokerage and commission's on premiums,
687,311
for salaries and pay of officers and employees,
298,746
for State and local taxes, ....
134,799
for office, agency and incidental expenses,
409,635
Gross cash expenditures,
$4,065,237
Miscellaneous.
Whole amount of fire risks written during the year, .
$393,327,892
premiums charged or receivable thereon,
4,170,756
marine risks written during the year,
163,376,424
premiums charged or receivable thereon,
1,116,153
fire risks terminated during the year,
336,745,925
marine risks terminated during the year,
163,274,015
fire risks outstanding at end of year,
465,225,636
marine risks outstanding at end of year, .
6,208,071
cash dividends declared during the year,
263,000
fire losses incurred during the year,
1,988,761
marine losses incurred during the year, .
461,716
FIRE, MAEINE AND FIRE-MARINE
INSURANCE COMPANIES
OP OTHER STATES.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending
December 31, 1900.
112
^ETNA INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
"jEtna insurance Company," hartford, conn.
[Incorporated June, 1819. Commenced business August, 1819.]
Paid-up Capital, $4,000,000.
WM. B. CLARK, President. \VM. II. KING, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 $138,000 00
Arizona Territory bonds, 15,000 00 16,350 00
New Mexico Territory bonds 10,000 00 10,700 00
Alabama State bonds, 10,000 00 11,100 00
Georgia State bonds 25,000 00 27,000 00
Mississippi State bonds, 11,000 00 12,210 00
New Hampshire State bonds, .... 29,500 00 31,565 00
Tennessee State bonds, 23,000 00 22,080 00
Hartford County, Conn., bonds, . . . 5,000 00 5,000 00
Mecklenburg County, N. C.,bo.nds, . . . 67,000 00 79,060 00
Spokane Co., Wash., court house and jail b'ds, 25,000 00 26,750 00
Talbot County, Ga., court house bonds, . . 11,000 00 11,880 00
Norwich, Conn., town bonds, .... 100,000 00 118,000 00
Westmount, Quebec, town debenture bonds, . 50,000 00 50,500 00
Americus, Ga., city pub. build, and school b'ds, 6,000 00 7,200 00
Albina, Ore., city boulevard bonds, . . . 25,000 00 32,500 00
Bainbridge, Ga , city academy bonds, . . 8,000 00 9,440 00
Boston, Mass., city bonds, .... 30,000 00 32,400 00
Buffalo, N. Y., city water bonds, . . . 50.000 00 56,000 00
Chicago, 111., sanitary dist. bonds, . . . 50,000 00 56,500 00
City of Sioux Falls, So. Dak., funding bonds, 25,000 00 25,500 00
Dallas, Tex., city water and sewer bonds, . 50,000 00 56,500 00
Dalles City, Ore., water bonds, . . . 12,500 00 13,375 00
Dayton, O., city street paving bonds, . . 25,000 00 26,250 00
Fostorio, O., city water bonds, .... 25,000 00 26,500 00
Greensboro, N. C, city school bonds, . . 24,000 00 27,120 00
Greenville, Ala., city school bonds, . . . 20,000 00 21,800 00
Hamilton, O., city gas works bonds, . . 15,000 00 15,450 00
Jersey City, N. J., city hall bonds, . . . 25,000 00 30,250 00
Lexington, Ky., city bonds, .... 50,000 00 52,500 00
Montreal, Can., corporation stock, . . . 19,000 00 19,380 00
Montreal, Can., harbor bonds, .... 4,000 00 4,000 00
.ETNA INSURANCE CO.
113
New Brunswick, N. J., water bonds,
Ogden City, Utah, bonds, .
Port of Portland, Ore., bonds,
Rahway, N. J., city bonds,
Richmond, Va., city bonds,
Roanoke, Va., city bonds, .
Seattle, Wash., city water and sewer bonds,
Tacoma, Wash., city water and light bonds,
Topeka, Kan., city funding bonds,
Urbana, O., city bonds,
Watsonville, Cal., school bonds,
Winston, N. C, city bonds,
Winnipeg, Man., city bonds,
Brooklyn Wharf & Warehouse Co. bonds,
Loan & Guarantee Co. of Conn, bonds, .
People's Gas Light & Coke Co., Chicago, bonds
North East School Dis., Hart., Conn., bonds,
School District No. 2, Enfield, Conn., bonds,
School Dis. No. 24, Woodbridge, N. J., bonds
Masonic Temple Cor., Wil., N. C, bonds,
Y. M. C. Association, Wilmington, N. C, bonds
Atlantic Mutual Insurance Co. scrip,
Albany & Susquehanna R.R. bonds,
Alabama Central R.R. bonds, .
Baltimore & Ohio R.R. Co. bonds, .
Buffalo, New York & Erie R.R. bonds, .
Canadian Pacific R'y Co. land grant bonds,
Central Branch Railway Co. bonds, .
Centralia & Chester Railroad bonds,
Central Pacific Railway Co. bonds, .
Chesapeake & Ohio R.R. bonds,
Cleve., Col., Cm. & Indianap. R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Mil. & St. Paul R.R. bonds,
Chicago & Northwestern R.R. bonds,
Chicago North Shore Street R'y Co. bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Chicago & Western Indiana R.R. bonds, .
Cicero & Proviso St. R'y Co., Chicago, bonds
Cincinnati, Dayton & Ironton R.R. bonds,
Cincinnati, Hamilton & Dayton R.R. bonds,
Columbus & Toledo R.R. bonds,
Connecticut River R.R. coupon scrip,
Dayton & Western R.R. bonds,
Delaware & Hudson Canal Co. bonds,
Flint & P&re Marquette R.R. bonds,
Georgia R.R. & Banking Co. debenture bonds,
Hartford St. Railway bonds, .
Par Value.
$2,000 00
18,000 00
50,000 00
22,000 00
44,750 00
30,000 00
50,000 00
25,000 00
25,000 00
25,000 00
12,000 00
25,000 00
34,793 00
100,000 00
5,900 00
50,000 00
60,600 00
4,000 00
1,000 00
20,000 00
20,000 00
43,390 00
100,000 00
25,000 00
75,000 00
20,000 00
81,000 00
37,000 00
25,000 00
26,000 00
50,000 00
60,000 00
181,000 00
135,000 00
189,000 00
25,000 00
160,000 00
131,000 00
25,000 00
25,000 00
82,000 00
80,000 00
15,000 00
28,000 00
25,000 00
50,000 00
25,000 00
50,000 00
Market Value.
$2,200 00
19,620 00
59,500 00
20,900 00
50,650 00
32,400 00
54,000 00
25,250 00
28,000 00
25,000 00
12,480 00
26,750 00
36,184 72
70,000 00
5,900 00
54,000 00
60,600 00
4,000 00
1,000 00
20,000 00
20,000 00
45,993 40
114,750 00
29,000 00
75,000 00
28,000 00
89,100 00
31,450 00
5,000 00
25,860 00
53,000 00
81,600 00
198,020 00
169,150 00
230,710 00
27,500 00
188,800 00
155,660 00
26,250 00
28,500 00
92,120 00
92,800 00
15,150 00
30,800 00
36,750 00
53,750 00
28,750 00
52,000 00
114
^TNA INSURANCE CO.
Harlem River & Port Chester R.R. bonds,
Hocking Valley Railway Co. bonds,
Illinois Central Railroad Co. bonds,
Indianapolis & Vincennes R.R. bonds,
Jeffersonville, Madison & Ind. R.R. bonds,
Keokuk & Des Moines R.R. bonds, .
Lake Shore & Michigan Southern R.R. bonds
Louisville, New Albany & Chic. R R. bonds,
Lehigh Valley Terminal R.R. bonds,
Lehigh Valley Railway Co. bonds, .
Mahoning Coal R.R. bonds,
Michigan Central R.R. bonds, .
Minneapolis & St. Louis R.R. bonds,
Minneapolis Union R.R. bonds,
Morris <fc Essex R.R. bonds,
N. Y. Central & Hudson River R.R. bonds,
N. Y., Lake Erie & Western R R. bonds, .
New England R.R. bonds,
New York & New England R.R. bonds, .
N. Y., New Haven & Hart. R.R. certificates,
N. Y., Susquehanna & Western R.R. bonds,
Northwestern Union R.R. sinking fund bonds
Norfolk & Western R.R. bonds,
North Chicago Electric Railway Co. bonds,
North Chicago Street R.R. bonds, .
Oswego R.R. Bridge Co. bonds,
Ohio & West Virginia R.R. bonds, .
Pittsburgh, Fort Wayne & Chicago R R. bonds
Port Reading R.R. bonds,
St. Paul, Minn. & Manitoba R.R. bonds, .
St. Paul & Northern Pacific R.R. bonds, .
St. Paul & Sioux City R.R. bonds, .
Southern Pacific R.R. Co. of California bonds,
Southern Railway bonds, ....
Terre Haute & Peoria R.R. bonds, .
Toledo & Ohio Central R.R. bonds, .
Vermont Valley R.R. bonds, .
Wabash R.R. bonds,
West Chicago Street R.R. tunnel bonds, .
West Shore R.R. bonds, ....
Willmar & Sioux Falls R.R. bonds, .
400 shares Amer. Tel. & Cable Co.,
300 " Gold & Stock Tel. Co.,
300 " International Ocean Tel. Co.,
1,000 " Northwest Tel Co.,
50 " Connecticut River Co., .
10 " Underwriters 1 Sal. Co. of N. Y.,
Par Value.
8150,000 00
14,000 00
100,000 00
50,000 00
12,000 00
40,000 00
189,000 00
25,000 00
50,000 00
50,000 00
30,000 00
50,000 00
50,000 00
50,000 00
135,000 00
175,000 00
45,000 00
50,000 00
50,000 00
75,000 00
25,000 00
25,000 00
50,000 00
25,000 00
25,000 00
50,000 00
30,000 00
196,000 00
25,000 00
25,000 00
50,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
54,000 00
25,000 00
50,000 00
50,000 00
25,000 00
40,000 00
30,000 00
30,000 00
50,000 00
5,000 00
1,000 00
Market Value.
8166,500 00
14,560 00
102,000 00
59,500 00
13,680 00
44,400 00
207,900 00
29,000 00
57,500 00
55,000 00
39,000 00
52,500 00
61,000 00
64,000 00
189,600 00
190,750 00
62,100 00
66,000 00
57,000 00
146,250 00
27,500 00
36,000 00
66,000 00
27,500 00
26,500 00
58,000 00
36,000 00
266,120 00
27,250 00
35,500 00
65 ; 500 00
32,500 00
27,250 00
28,125 00
12,500 00
28,750 00
61,020 00
29,250 00
52,000 00
57,500 00
30,000 00
38,400 00
36,600 00
36,000 00
61,500 00
1,000 00
500 00
JETNA INSURANCE CO.
115
500 shares
500
it
200
it
750
it
1,000
ii
500
(i
850
ic
350
ii
350
ti
300
ii
500
ii
300
ii
200
ii
500
ii
100
u
100
ii
400
ii
200
ii
1,000
ti
920
ii
500
it
1,875
it
500
it
1,000
it
150
it
1,000
it
625
ti
400
it
200
n
200
ii
400
it
188
n
150
it
350
it
300
n
1,000
it
550
ii
1,000
ii
550
n
400
ii
400
it
300
it
300
it
300
ii
100
n
700
ii
120
ii
Albany & Sus. R.R. Co.,
Bald Eagle Val. R R. Co., .
Baltimore & Ohio R.R. Co., .
CI., C, Ch. & St. L. R.R. Co.,
Cleve. & Pitts. R.R. Co.,
Chic, Burl. & Q. R.R. Co., .
Chic., Mil. & St. Paul Ry. Co.,
Chic. & Nortw'n R.R. Co., .
Chic, Rock I. & Pac R.R. Co.,
Conn. River R.R. Co., .
Conn. & Passum. R's R R. Co.,
Dayton & Mich. R.R. Co., .
Del. & Bound Brook R.R. Co.,
Ft. Wayne & Jackson R.R. Co.,
Georgia R.R. & Banking Co.,
Joliet & Chicago R.R. Co., .
Kala., Alleg. & Gr. Rap. R.R. Co.
Keokuk & Des Moines R.R. Co.,
Morris & Essex R.R. Co., .
N. Y. Cent. & Hud. R. R.R. Co.,
N. Y. & Harlem R.R. Co., .
N. Y , N. Hav. & Hart. R.R. Co.,
Oswego & Syracuse R.R. Co.,
Pitts., Ft. Wayne & Chic R.R. Co.
Peoria & Bureau Val. R.R. Co.,
Rensselaer & Saratoga R.R. Co.,
St. Jos., S. Bend & So'n R.R. Co,
Valley (New York) R.R. Co.,
iEtna National B'k, Hart., Conn,
American Nat'l B'k, Hart., Conn
Charter Oak N'l B'k, Hart., Conn
City Bank, Hartford, Conn.,
Conn. Riv. B'k'g Co., Hart., Conn,
Far. & Mech. N'l B'k, Hart., Conn
First Nat'l Bank, Hart., Conn.,
Hartford Nat'l B'k, Hart., Conn.,
Nat'l Exch. Bank, Hart., Conn.,
Phoenix Natl B'k, Hart., Conn.,
State Bank, Hartford, Conn.,
American Exch. Nat'l B'k, N. Y
B'k of the Manhattan Co., N. Y
B'k of N. Y. N'l B'k'g Asso., N. Y
Hanover Nat'l Bank, N. Y., .
Imp. & Traders' Nat'l B'k, N. Y
Market & Fulton N'l B'k, N. Y.,
Merchants' Nat'l Bank, N. Y.,
Merchants' Exch. N'l B'k, N. Y.,
Par Value.
$50,000 00
25,000 00
20,000 00
75,000 00
50,000 00
50,000 00
85,000 00
35,000 00
35,000 00
30,000 00
50,000 00
15,000 00
20,000 00
50,000 00
10,000 00
10,000 00
40,000 00
20,000 00
50,000 00
92,000 00
25,000 00
187,500 00
25,000 00
100,000 00
15,000 00
100,000 00
62,500 00
40,000 00
20,000 00
10,000 00
40,000 00
18,800 00
4,500 00
35,000 00
30,000 00
100,000 00
27,500 00
100,000 00
55,000 00
40,000 00
20,000 00
30,000 00
30,000 00
30,000 00
10,000 00
35,000 00
6,000 00
Market Value.
$102,500 00
51,250 00
17,000 00
85,500 00
94,500 00
70,000 00
157,250 00
74,200 00
41,300 00
81,900 00
52,500 00
31,050 00
87,000 00
73,500 00
21,700 00
18,500 00
60,000 00
4,600 00
94,500 00
130,640 00
103,750 00
397,500 00
55,000 00
189,000 00
31,500 00
200,000 00
8,750 00
52,000 00
37,000 00
14,500 00
40,000 00
21,808 00
6,750 00
42,700 00
37,500 00
140,000 00
35,750 00
125,000 00
68,750 00
79,200 00
54,000 00
97,500 00
150,000 00
157,500 00
24,000 00
63,000 00
7,560 00
116
yETNA INSURANCE CO.
1,200 shares
400
u
200
u
500
u
200
ti
150
u
300
u
865
u
300
u
200
II
100
it
250
H
100
II
100
II
100
II
100
u
100
(1
150
(1
100
If
100
M
Mechanics 1 Nat'l Bank, N. Y.,
Metropolitan National Bank, N. Y
(in liquidation),
Nassau Bank, N. Y.,
National Bank of Com., N. Y.,
National B'k of N. Amer., N. Y.,
N'l B'k of the Republic, N. Y.,
N'l Butch. & Drovers' B'k, N. Y
National City Bank, N. Y., .
Phenix Nat'l Bank, N. Y., .
People's Bank, N. Y., .
Third National Bank, N. Y. (in
liquidation),
Far. & Mech. N'l B'k, Phila., Pa.
First Nat'l B'k, Albany, N. Y.,
N. Brit. N'l B'k, N. Brit., Conn.,
Central Trust Co., N. Y., .
Holland Trust Co., N. Y., .
Metropolitan Trust Co., N. Y.,
N. Y. Life Ins. & Tr. Co., N. Y.,
United States Trust Co., N. Y.,
Union Trust Co., N. Y.,
Par Value.
130,000 00
40,000 00
10,000 00
50,000 00
20,000 00
15,000 00
7,500 00
86,500 00
6,000 00
5,000 00
10,000 00
25,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
15,000 00
10,000 00
10,000 00
Market Value.
164,500 00
1,200 00
17,800 00
162,500 00
41,000 00
33,750 00
6,750 00
432,500 00
6,000 00
11,250 00
3,000 00
27,000 00
13,000 00
16,400 00
205,000 00
5,000 00
50,000 00
210,000 00
165,000 00
140,000 00
$8,138,233 00 5511,740,821 12
Securities held as collateral for cash loans : —
25 shares Nation'l B'k of Commerce, N. Y., .
25 " Mechanics' National Bank, N. Y., .
Market Value.
§8,125 00
1,343
00 £
75 S
Loaned Thereon.
§3,600 00
$9,468 75 $3,600 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest accrued thereon, ....
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
§230,000 00
15,600 00
271 00
11,740,821 12
3,600 00
2,479 17
803,337 08
465 00
577,552 12
§13,374,125 49
312,864 72
Balance, §13,061,260 77
* Value of lands mortgaged $16,200 00
Value of buildings thereon 20,000 00
Amount of insurance held as collateral 15,000 00
^ETNA INSURANCE CO.
117
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Return premiums,
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders, .
Paid-up capital,
$75,830 95
438,064 33
19,092 00
$532,987 28
100,877 38
$432,109 90
3,355,346 29
70,851 62
81,239 38
40,739 32
80,176 48
18,875 48
$4,079,338 47
222,849 47
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received, . -
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Deposits received for perpetual fire risks,
Gross cash income, ....
$543,779 69
5,140,606 73
$5,684,386 42
479,768 49
$5,204,617 93
1,188,136 24
$93,030 59
423,381 70
$516,412 29
97,783 63
$418,628 66
94,565 28
sources,
£3,856,489 00
^9,204,771 77
4,000,000 00
^5,204,771 77
$4,016,481 69
324,063 38
936 00
509,735 59
5,472 72
1,445 04
. $4,856,689 38
118
^ETNA INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
12,874,883 30
437,118 23
$232,389 71
68,106 35
$2,437,765 07
164,283 36
720,000 00
711,058 79
299,537 58
126,790 79
323,680 79
$2,265 00
. $4,783,116 38
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$586,375,155 00 $6,606,629 53
453,497,043 00 5,140,606 73
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$1,039,872,198 00? 11, 747,236 26
416,398,007 00 4,642,974 37
$623,474,191 00 $7,104,261 89
69,700,987 00 772,890 02
$553,773,204 00 $6,331,371 87
$3,187,928 00 $74,580 65
$6,906,484 00 $181,276 04
138,658,225 00 423,381 70
$145,564,709 00 $604,657 74
137,953,004 00 369,260 19
57,611,705 00 $235,397 55
1,249,608 00 42,699 29
1,362,097 00 $192,698 26
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (18 per cent.),
Company's stock owned by directors, ....
$161,228,677 00
88,243,133 00
2,469,279 00
153,246 00
25,793,365 CO
720,000 00
218,000 00
AGRICULTURAL INSURANCE CO.
119
"AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y.
[Incorporated 1853.* Commenced business February, 1853.]
Paid-up Capital, $500,000.
A. H. SAWYER, President. W. H. STEVENS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
State of Georgia bonds, . . . . . $10,000 00 $11,800 00
City of Portland, Ore., bonds, .... 50,000 00 62,500 00
City of Richmond, Va., bonds, .... 27,000 00 25,110 00
City of Watertown, N. Y., acceptances, . . 1,000 00 1,000 00
Chicago, Mil. & St. Paul R'y bonds, . . 20,000 00 24,275 00
Northern Pacific Railway bonds, . . . 10,000 00 10,000 00
Lehigh Valley Ry., N. Y., bonds, . . . 20,000 00 22,350 00
Lehigh & Hudson River R.R. bonds, . . 5,000 00 5,100 00
Union Pacific R.R. bonds, 2,000 00 2,155 00
Jefferson Power Co. bonds, .... 40,000 00 42,000 00
Consol. Water Co. of Utica, N. Y., bonds, . 10,000 00 10,500 00
St. Regis Paper Co. bonds, .... 50,000 00 50,000 00
Brownville Paper Co. bonds, .... 4,000 00 4,000 00
Elwood Silk Manufacturing Co. bonds, . . 1,000 00 1,000 00
Watertown National Bank stock, . . . 10,500 00 21,525 00
National Union B'k, Watertown, N. Y., stock, . 21,360 00 37,380 00
Jefferson Co. Nat'l B'k, Watert'n, N. Y., stock, 1,760 00 4,400 00
Nat'l B'k & Loan Co., Watert'n, N. Y., stock, . 10,000 00 12,500 00
Carthage Nat'l B'k, Carthage, N. Y., stock, . 2,000 00 4,000 00
First N'l B'k of the T. I., Alex. Bay, N. Y., s'k, 1,000 00 1,000 00
Union Building & Loan Co., Cleveland, 0.,s'k, 10,000 00 10,000 00
Cleveland Savings & Loan Co., Cleve., O., s'k, 5,000 00 5,000 00
N. Y. Cent. & Hudson River R.R. stock, . . 23,000 00 33,235 00
Chic, Mil. & St. Paul Ry. stock, . . . 30,000 00 43,987 50
Union Pacific R.R. stock, 1,000 00 847 50
Western Union Telegraph stock, . . . 108,500 00 91,682 50
International Paper Co. stock, .... 50,000 00 37,125 00
Hungerford-Holbrook Co. stock, . . . 25,200 00 25,200 00
Excelsior Carriage Co. stock, .... 2,500 00 2,500 00
Watertown Carriage Co. stock, . . . 7,000 00 3,500 00
Adams & Duford Co. stock, .... 5,000 00 4,500 00
$563,820 00 $610,172 50
Securities held as collateral for cash loans : —
Real estate mortgages,
Western Union Telegraph stock,
N. Y. Cent. & Hudson River R.R. stock, .
International Paper Co. bonds,
Market Value.
$36,510 90
10,985 00
4,768 50
10,800 00
Loaned Thereon.
$30,539 26
20,137 40
* Organized as mutual, 1853; incorporated as stock, 1863.
120
AGRICULTURAL INSURANCE CO.
National B'k of Fayetteville, N. Y., stock,
Watertown National Bank stock,
International Paper Co. stock, .
Real estate mortgages, ....
Titus Sheard Co. stock, ....
N'l Herkimer Co. B'k, Little Falls, N. Y„ s'k,
Toledo & Ohio Central R.R. stock, .
Little Falls & Dolgeville R.R. bonds,
Union Carriage & Gear Co. stock, .
Brownville Paper Co. stock,
Brockway Co. stock,
Deeds of real estate, White Plains, N. Y.,
Paid-up life insurance policy, .
Deeds of real estate,
Union Nat'l B'k, Schenectady, N. Y., stock,
Hungerford-Holbrook Co. stock,
Bagley & Sewall Co. stock,
Harmon Machine Co. stock,
International Paper Co. stock,
Outterson Paper Co. stock,
E. W. Bliss Co. stock,
Rome, Watertown & Ogdensburg R.R. stock,
Kan. City, St. Jos. & Council B'ffs R.R. bonds
Carthage Sulphite Pulp Co. stock, .
Carthage Tissue Paper Mills stock, .
Carthage Machine Co. stock, .
Malone Paper Co. stock, ....
Market Value.
$1,667 50
2,050 00
4,395 75
27,479 001
32,000 00
7,920 00
10,000 00
5,000 00 J
500 00
5,000 00
10,000 00
1,500 00
2,000 00
6,000 00
7,500 00
2,200 00
23,700 00
9,000 00
1,485 00
30,000 00
29,100 00
4,005 00
2,400 00
19,500 00 >|
9,500 00 I
4,000 00 i
7,000 00 J
Loaned Thereon.
$338 61
3,650 00
40,500 00
210 00
2,200 00
8,000 00
1,000 00
496 00
3,000 00
5,000 00
2,000 00
10,000 00
6,750 00
1,000 00
20,000 00
12,000 00
3,000 00
2,000 00
10,000 00
$327,966 65 $181,821 27
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance, $2,183,347 96
$337,915 00
784,659 26
27,286 71
610,172 50
181,821 27
18,146 17
106,382 32
15,220 74
200,129 44
600 00
424 55
$2,282,757 96
99,410 00
* Value of lands mortgaged S953,061 00
Value of buildings thereon 6o9,064 00
Amount of insurance held as collateral 5SS,50© 00
AGRICULTURAL INSURANCE CO.
121
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected, .....
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents
Gross cash income,
Expenditures,
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ,
Gross cash expenditures, .
$22,535 94
64,465 00
8,663 00
$95,663 94
26,538 37
$69,125 57
943,092 92
41,644 07
23,378 00
22,223 68
1,099,464 24
43,197 00
$1,056,267 24
$1,127,080 72
500,000 00
$627,080 72
$169,044 71
2,627 80
$166,416 91
1,500,351 72
51,666,768 63
200,129 44
11,466,639 19
552,599 73
sources, .
$803,068 53
235,625 08
$914,039 46
45,293 04
29,494 64
2,936 44
$991,763 58
$567,443 45
50,240 00
175,739 04
92,803 34
40,133 39
81,594 51
$1,007,953 73
122
ALBANY INSURANCE CO.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$251,852,800 00 82,189,247 00
159,364,200 00 1,500,351 72
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$411,217,000 00 $3,689,598 72
166,027,700 00 1,421,035 72
$245,189,300 00 §2,268,563 00
36,259,000 00 387,120 00
$208,930,300 00 $1,881,443 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$24,658,988 00
12,210,169 00
556,507 00
1,330,000 00
50,000 00
93,250 00
"ALBANY INSURANCE COMPANY," ALBANY, N. Y.
[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized June 1,1881.]
Paid-up Capital, $250,000.
THEODORE TGWNSEND, President. CHARLES H. HAHX, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Watervliet Turnpike & R.R. bonds, . . $6,000 00 $7,380 00
Wabash R.R. bonds, 35,000 00 40,175 00
Municipal gas bonds, Albany, N. Y., . . 2,000 00 2,160 00
Union R.R. Co., N. Y., bonds, .... 10,000 00 11,300 00
St. Louis & San Francisco R.R. bonds, . . 20,000 00 22,700 00
Ann Harbor R R. bonds, 10,000 00 9,700 00
People's Gas Light & Coke Co., Chic, bonds, . 10,000 00 11,850 00
Western N. Y. & Pennsylvania R.R. bonds, . 25,000 00 30,625 00
Atlanta, Knoxville & Northern R.R. bonds, . 15,000 00 16,125 00
Texas Central R.R. Co. bonds, .... 20,000 00 21,400 00
§ 153,000 00 $173,415 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
$ 76,890 00
222,950 00
1,097 00
* Value of lands mortgaged $150,350 00
Value of buildings thereon 34-2,300 00
Amount of insurance held as collateral, .... 273,000 00
ALBANY INSURANCE CO.
123
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$173,415 00
4,613 28
4,39G 25
6,908 57
130 55
$490,400 65
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Miscellaneous, ....
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$3,931 18
6,531 57
2,300 00
$12,762 75
1,000 00
$11,762 75
71,019 45
1,616 44
285 92
84,684 56
$405,716 09
250,000 00
$155,716 09
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected, .... $110,299 96
Less reinsurance and return premiums, . . 18,889 83
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents, ....
Income from agency,
Gross cash income,
$5,294 30
244 99
$5,049 31
112,159 22
$117,208 53
6,908 57
$91,410 13
11,072 16
8,454 85
3,682 92
4,719 12
$119,339 18
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
$62,884 86
5,278 26
$57,606 60
20,000 00
124
AMERICAN INSURANCE CO.
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
$18,625 51
10,176 54
6,444 80
5,317 67
Gross cash expenditures, $118,171 12
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $14,925,938 00 $127,490 08
Fire risks written during 1900, . . . 12,900,986 00 112,159 22
Total, $27,826,924 00 $239,649 30
Deduct risks expired and terminated, . . 10,544,506 00 90,364 40
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$17,282,418 00 $149,284 90
. 1,362,369 00 12,207 23
.$15,920,049 00 $137,077 67
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$1,831,105 00
1,012,952 00
60,381 00
405,000 00
20,000 00
40,650 00
" AMERICAN INSURANCE COMPANY," NEWARK, N. J.
[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.]
Paid-up Capital, $600,000.
E. O. DOREMUS, President. J. H. WORDEX, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, f 100,000 00 $100,000 00
Consolidated Traction Co. bonds, . . . 118,000 00 126,260 00
Easton & Amboy R.R. bonds, .... 40,000 00 45,200 00
Lehigh Valley R.R. bonds, .... 110,00000 119,90000
Long Dock (Jersey City) bonds, . . . 125,000 00 162,500 00
Morris & Essex R.R. bonds, .... 100,000 00 136,000 00
Newark (N. J.) R'y bonds, .... 95,000 00 110,200 00
N. Y. & Greenwood Lake (N. J.) bonds, . 100,000 00 105,000 00
N. Y., L. Erie & West. Dock and Imp. bonds, . 23,000 00 26,910 00
N. Y., Sus. & Western R.R. bonds, . . . 20,000 00 22,000 00
AMERICAN INSURANCE CO.
125
North Hudson Co. (N. J.) bonds, .
United N. J. R.R. & Canal Co. bonds,
Madison, N. J., bonds,
Newark Gas Co. bonds, .
Par Value.
$125,000 00
100,000 00
29,000 00
105,000 00
Market Value.
$133,750 00
109,000 00
29,000 00
132,300 00
11,190,000 00 $1,358,020 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Notes taken for fire and tornado risks,
Rents due and accrued,
Reinsurance due on losses paid,
American Insurance Co. stock, $70,000 00
Gross assets,
$238,972 96
1,730,226 75
26,385 34
1,358,020 00
3,809 01
48,333 99
16,005 74
152,486 08
97,923 37
940 04
380 18
$3,673,483 46
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Dividends to stockholders unpaid, .
Dividends to policy holders unpaid, .
Commissions and brokerage, .
Due for agents 1 fees,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$8,132 65
76,243 48
2,000 00
,376 13
14,164 80
$72,211 33
1,382,057 27
3,257 35
870 00
12,803 31
2,492 05
15 63
1,473,706 94
$2,199,776 52
600,000 00
$1,599,776 52
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$1,912,610 00
2,407,715 00
2,079,715 00
126
AMERICAN INSURANCE CO.
Income
Fire premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
other
$207,582 79
97 76
$207,485 03
1,464,791 29
$1,672,276 32
260,206 00
$1,412,070 32
393,734 29
sources,
$1,018,336 03
89,078 05
58,411 85
15,531 64
$1,181,357 57
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures
$771,733 91
174.983 10
$596,750 81
60,966 25
239,300 34
79,675 62
47,301 02
85,438 00
$1,109,432 04
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$285,520,932 00 $2,994,335 26
144,690,543 00 1,464,791 29
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$430,211,475 00 $4,459,126 55
146,804,750 00 1,542,119 24
$283,40.6,725 00 $2,917,007 31
22,807,768 00 270,441 47
$260,598,957 00 $2,646,565 84
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire and tornado losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$12,942,872 00
5,515,678 00
582,258 00
2,348,115 00
60,000 00
57,055 00
AMERICAN CENTRAL INSURANCE CO.
127
« AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO.
[Incorporated February, 1853. Commenced business February, 1853.]
Paid-up Capital, $600,000.
GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
St. Louis Merchants' Bridge Co. bonds, . . $85,000 00 $95,200 00
Union Depot R.R. Co. bonds, .... 75,000 00 90,000 00
United States consols, 50,000 00 56,500 00
Laclede Gas Light Co. bonds, .... 52,000 00 53,600 00
St. Louis, I. M. & S. R.R. Co. bonds, . . 25,000 00 27,000 00
St. Louis & San Francisco R.R. bonds, . . 30,000 00 32,400 00
St. Louis, C, B. & O. Railway bonds, . . 18,000 00 19,250 00
St. Louis County Park bonds, .... 15,000 00 16,950 00
Missouri Electric Light & Power Co. bonds, . 20,000 00 23,600 00
St. Clair, Madison & St. L. B. R.R. bonds, . 30,000 00 22,500 00
Peirce City (Mo.) bonds, 15,000 00 15,000 00
National Bank of Commerce, St. Louis, stock, 300,000 00 750,000 00
Mechanics' Bank, St. Louis, stock, . . . 16,600 00 34,860 00
Boatmen's Bank, St. Louis, stock, . . . 10,000 00 18,500 00
Laclede Gas Light Co., St. Louis, stock, . . 4,800 00 4,800 00
Securities held as collateral for cash loans : —
$746,400 00 $1,260,160 00
Market Value. Loaned Thereon.
500 shares Broadway Real Est. Co., St. L., Mo., $50,000 00 $25,000 00
Summary of Assets Dec 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank,
Premiums in course of collection (gross),
Gross assets, .....
Deduct special deposits in other States, .
Balance,
$500,000 00
7,703 45
1,260,160 00
25,000 00
4,307 46
86,298 28
135,137 84
$2,018,607 03
66,500 00
$1,952,107 03
* Value of lands mortgaged, . . ' .
Value of buildings thereon, .
Amount of insurance held as collateral,
$15,000 00
21,000 00
9,200 00
128
AMERICAN CENTRAL INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
$25,085 05
38,750 00
7,850 00
$71,685 05
10,998 67
$60,686 38
712,717 63
20,270 67
305 67
$793,980 35
9,034 96
$784,945 39
1,167,161 64
600,000 00
Surplus over capital, $567,161 64
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . . -
Interest and dividends received from all sources,
Income from rents,
$128,524 75
1,102,885 61
$1,231,410 36
135,137 84
$1,096,272 52
228,396 18
$867,876 34
58,527 42
16,982 59
Gross cash income, $943,386 35
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous,
$605,720 39
102,317 21
$503,403 18
60,000 00
157,753 68
73,986 12
27,172 29
119,664 02
Gross cash expenditures,
$941,979 29
AMERICAN FIRE INSURANCE CO.
129
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$118,725,666 00 $1,373,078 43
. 97,121,715 00 1,102,885 61
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$215,847,381 00 $2,475,964 04
. 77,451,385 00 960,091 01
$138,395,996 00 $1,515,873 03
. 7,500,437 00 93,881 44
$130,895,559 00 $1,421,991 59
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$21,806,317 00
10,932,848 00
498,356 00
1,466,412 00
60,000 00
99,175 00
"AMERICAN FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April 30, 1857. Commenced business May 1, 1857.]
Paid-up Capital, $400,000.
GEO. S. A. YOUNG, President. WALTER S. ALLEY, Secretary.
Detailed Statement op Stocks and Bonds.
Par Value.
United States bonds, $200,000 00
State of Georgia bonds, 25,000 00
City of Brooklyn bonds, 100,000 00
City of New York school-house bonds, . . 100,000 00
City of Richmond bonds, 20,000 00
Detroit City Gas Co. bonds, .... 35,000 00
Central Pacific R'y Co. bonds, .... 100,000 00
Illinois Central R.R. bonds, .... 50,000 00
St. Louis, Iron Mt. & Southern R'y Co. bonds, 35,000 00
Chic, Mil. & St. Paul R'y Co. stock, . . 50,000 00
Cleve., Cin., Chic. & St. Louis R'y Co. stock, . 50,000 00
Illinois Central R.R. stock, .... 50,000 00
Northern Pacific R'y stock, .... 50,000 00
Pennsylvania R.R. Co. stock, .... 50,000 00
Union Pacific R.R. Co. stock, .... 50,000 00
Chic, Rock Island & Pacific R'y stock, . . 50,000 00
Market Value.
$210,000 00
28,125 00
104,000 00
105,000 00
20,600 00
34,800 00
83,500 00
51,250 00
89,900 00
72,51)0 00
57,000 00
65,500 00
43,000 00
73,000 00
41,500 00
60,000 00
$1,015,000 00 $1,0*9,175 00
130
AMERICAN FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Preni's more than three mos. due, $666 00
Gross assets,
Deduct special deposits in other States, .
Balance,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance and return premiums, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
81,089,175 00
2,358 30
100,327 60
2,295 83
253,140 38
30,926 77
$1,478,223 88
153,725 00
$1,324,498 88
153,553 75
72,821 70
1,342 68
$127,718 13
27,931 29
1,786 84
604,355 49
54,257 48
7,620 76
5,628 49
$771,649 06
63,522 42
Income.
Fire premiums outstanding Dec. 31, 1899, . $249,435 02
Same not collected, 596 82
Net collected, $248,838 20
Premiums on risks written or renewed, . 1,380,488 77
Total, $1,629,326 97
Premiums now in course of collection, . . 253,806 38
Entire premiums collected, .... $1,375,520 59
Less reinsurance and return premiums, . . 433,832 96
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
708,126 64
$616,372 24
400,000 00
$216,372 24
$941,687 63
759 17
41,956 72
$984,403 52
AMEKICAN FIRE INSURANCE CO.
131
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for miscellaneous
$793,163
98,929
17
06
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$156,985,845
180,163,849
$694,234 11
195,664 30
63,204 31
29,086 46
8,093 57
46,436 59
$1,036,719 34
Premiums.
00 $1,174,662 55
00 1,380,488 77
$337,149,694
165,884,972
00 $2,555,151 32
00 1,205,193 79
$171,264,722
21,600,515
00 $1,349,957 53
00 201,255 29
$149,664,207 00 $1,148,702 24
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Company's stock owned by directors, . . . .
$16,417,353 00
. 9,402,717 00
664,825 00
. 1,472,000 00
13,000 00
" AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA.
[Incorporated Feb. 28, 1810. Commenced business March*12, 1810.]
Paid-up Capital, $500,000.
THOMAS H. MONTGOMERY, President. RICHARD MARIS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Philadelphia & Reading R.R. bonds, . . 887,000 00 $85,742 75
Steubenville & Indiana R.R. bonds, . . . 21,000 00 23,730 00
Belt Road & Stock Yards bonds, . . . 20,000 00 23,000 00
Chicago & Western Indiana R.R. bonds, . . 5,000 00 5,250 00
State of Georgia bonds, 25,000 00 29,250 00
Huntingdon & Broad Top Mount. R.R. bonds, 20,000 00 21,200 00
Lehigh Valley R.R. bonds, .... 76,000 00 90,900 00
Mortgage Trust Co. of Penn. bonds, . . 25,000 00 20,000 00
Middlesex Banking Co. debentures, . . 25,000 00 25,000 00
Northern Central Railway bonds, . . . 14,000 00 15,050 00
Northern Pacific R.R. bonds, .... 15,000 00 10,725 00
132
AMERICAN FIRE INSURANCE CO.
Penn. & New York Canal & R'y Co. bonds,
City of Portland water bonds, .
Wheeling & Lake Erie R.R. bonds, .
Hughesville water bonds,
Pitts., Cin., Chic. & St. Louis R.R. bonds,
Springfield water bonds, ....
Camden & Atlantic R.R. bonds,
Pittsburg, Chartiers & Yough. R.R. bonds,
Omaha Loan & Trust Co. debentures,
Norfolk & Western Car Trust bonds,
Ashtabula & Pittsburgh R.R. bonds,
Seaboard & Roanoke R.R. bonds,
Electric & People's Traction Trust certificates
Berwyn water bonds, ....
Second Avenue Traction Co., Pitts., bonds,
United Traction Co., Pittsburgh, bonds, .
Glenwood Highway Bridge Co. bonds, .
Northwestern Guaranty debentures,
Louisville & Nashville R.R. bonds, .
35 shares Philadelphia Bourse,
150 " Northern Pacific R.R., .
500 " Cambria Iron Co., .
45 " Wheeling & Lake Erie R.R., .
Securities held as collateral for cash loans : —
Lehigh Coal & Navigation Co. bonds,
5 shares Fourth St. National Bank, .
Par Value.
$50,000 00
50,000 00
15,000 00
20,000 00
30,000 00
10,000 00
15,000 00
24,000 00
10,000 00
12,000 00
15,000 00
20,000 00
35,000 00
10,000 00
11,000 00
25,000 00
10,000 00
25,250 00
20,000 00
1,375 00
15,000 00
25,000 00
4,500 00
Market Value.
$54,125 00
57,500 00
13,575 00
20,000 00
34,950 00
9,850 00
15,750 00
23,780 00
10,000 00
12,000 00
17,700 00
21,800 00
35,350 00
9,500 00
13,200 00
29,250 00
11,400 00
10,100 00
19,800 00
190 00
13,200 00
22,750 00
2,092 50
$786,125 00 $807,710 25
Market Value. Loaned Thereon.
$3,900 00
1,050 00
$3,800 00
?4,950 00 $3,800 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Deduct special deposits in other States, .
Balance, $2,443,064 27
$404,379 50
936,475 55
21,661 40
807,710 25
3,800 00
9,310 51
139,098 29
95 00
156,635 14
21,398 63
$2,500,564 27
57,500 00
* Value of lands mortgaged $1,015,612 00
Value of buildings thereon 1,10S,437 00
Amount of insurance held as collateral, .... 807,330 00
AMERICAN FIRE INSURANCE CO.
133
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
$37,170 40
82,941 09
5,991 55
1,026,228 08
577,377 46
23,495 27
5,056 47
fl,758,260 32
10,379 14
$1,747,881 18
$695,183 09
500,000 00
$195,183 09
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash tire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
$120,003 13
1,697,384 16
$1,817,387 29
156,635 14
$1,660,752 15
357,543 80
sources,
$1,303,208 35
50,377 55
40,660 21
9,233 20
12,075 30
$26,793 45
$1,415,554 61
Expenditures.
Cash paid for fire losses, $1,096,389 44
Deduct salvage and reinsurance, . . . 108,651 20
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals, ....
Deposits returned on perpetual fire risks, . $18,154 37
$987,738 24
35,000 00
294,989 85
116,300 00
38,980 58
7,177 20
107,875 83
Gross cash expenditures,
. $1,588,061 70
134
UNDERWRITERS AT AMERICAN LLOYDS.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, ....
Deduct amount reinsured,
Net amount in force, ....
Perpetual risks in force (not incl'd above) ,
$190,651,410 00
. 198,369,667 00
$389,021,077 00
. 190,651,410 00
$198,369,667 00
. 10,956,468 00
$187,413,199 00
$23,182,810 00
Premiums.
(2,101,712 37
1,697,384 16
$3,799,096 53
1,624,128 93
$2,174,967 60
124,111 50
$2,050,856 10
£631,964 81
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (7 per cent.), .
Company's stock owned by directors, .
$37,055,561 00
21,998,437 00
1,052,107 00
2,883,936 00
35,000 00
17,800 00
"UNDERWRITERS AT AMERICAN LLOYDS," NEW YORK.
[Commenced business April, 1890.]
GEORGE A. STANTON, Attorney and Manager.
Detailed Statement of Stocks
New York city bonds, ....
Brooklyn city (East River Bridge) bonds,
West Shore R.R. bonds, ....
Pitts., Cin., Chic. & St. Louis R.R. bonds,
Indiana State bonds,
Massachusetts State bonds,
Essex Co. Park (New Jersey) bonds,
Metropolitan Street R 7 y bonds,
and Bonds.
Par Value.
$ 175,000 00
50,000 00
40,000 00
25,000 00
30,000 00
30,000 00
50,000 00
50,000 00
Market Value.
8180,000 00
55,500 00
46,000 00
26,625 00
30,000 00
33,975 00
59,000 00
61,125 00
$450,000 00 $492,225 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
?492,225 00
19,374 66
62,459 07
4,378 34
43,097 36
$621,534 43
UNDERWRITERS AT AMERICAN LLOYDS.
135
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, . ...
Gross liabilities, except capital,
Surplus as regards policy holders,
Subscribers' deposits paid up, .
Surplus over subscribers 1 deposits,
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Profit on sale of bonds,
§750 00
98,493 93
10,774 34
3,799 14
1,874 67
$42,624 21
237,886 41
$280,510 62
43,097 36
$237,413 26
41,308 47
Gross cash income,
Expenditures.
Cash paid for fire losses, 151,517 60
Deduct reinsurance, 1,692 71
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for incidentals, ....
Paid retiring subscribers, $15,341 91
Gross cash expenditures,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$23,930,816 00
. 28,016,130 00
.$51,946,946 00
. 28,481,588 00
.$23,465,358 00
541,265 00
$115,692 08
$505,842 35
100,000 00
$405,842 35
$196,104 79
15,966 01
6,881 25
$218,952 05
$49,824 89
37,401 69
55,697 06
3,020 00
3,209 13
1,915 44
il51,068 21
Premiums.
$191,140 19
237,886 41
$429,026 60
227,203 15
$201,823 45
4,835 59
. $22,924,093 00 $196,987 86
136
AMERICAN MUTUAL FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ,
Cash dividends declared from organization of company,
$2,050,711 00
767,839 00
48,189 00
236,801 00
"AMERICAN MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated June 1, 1877. Commenced business June 1, 1877.]
THOMAS J. BORDEN, President. THEODORE P. BOGERT, Secretary.
Detailed Statement of Stocks, Bonds, etc.
United States bonds,
Rhode Island State bonds,
Providence city bonds,
Boston city bonds, ....
Denver City Tramway Co. bonds, .
117 shares Providence & Worcester R.R.
150 " Old Colony R.R., .
62 " N. Y.,N. H. & Hartford R.R.,
100 " Morris & Essex R.R.,
Par Value.
825,000 00
48,000 00
20,000 00
20,000 00
8,000 00
11,700 00
15,000 00
6,200 00
5,000 00
Market Valne.
$34,500 00
49,620 00
23,400 00
21,500 00
8,000 00
35,100 00
30,450 00
13,082 00
9,400 00
8158,900 00 $225,052 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, . . $225,052 00
Cash deposited in bank, 12,631 66
Interest due and accrued, 2,056 50
Premiums in course of collection (gross), . 1,783 37
Gross assets, £241,523 53
Liabilities.
Unearned premiums on outstanding risks, . $80,834 17
State and local taxes, 3,072 07
Gross liabilities 83,906 24
Net cash assets, § 157,617 29
Income.
Premiums outstanding Dec. 31, 1899, . . $1,812 49
Premiums on risks written or renewed, . . 170,191 42
Total, $172,003 91
Premiums now in course of collection, . . 1,783 37
Entire premiums collected, .... $170,220 54
Less reinsurance and return premiums, . . 7,548 08
Net cash premiums received, .... $162,672 46
Interest and dividends received from all sources, . . . 7,563 38
Gross cash income, $170,235 84
ASSURANCE COMPANY OF AMERICA.
137
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $18,311,660 00
Risks written during 1900, . 21,274,494 00
Total, $39,586,154 00
Risks terminated during 1900, . 19,715,757 00
Cash Prem's.
$154,716 43
171,062 43
$325,778 86
164,110 52
$14,084 00
140,160 70
4,329 42
3,337 46
' 3,807 43
$165,719 01
Conting't Prem's.
$773,582 15
855,312 15
$1,628,894 30
820,552 60
In force at end of year, . . $19,870,397 00
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 90.08 per cent.
$161,668 34 $808,341 70
$14,084 00
"ASSURANCE COMPANY OF AMERICA," NEW YORK, N. Y.
[Incorporated Feb. 25, 1897. Commenced business April 1, 1897.]
Paid-up Capital, $200,000.
ROBERT C. RATHBONE, President. R. BLEECKER RATHBONE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $200,000 00 $212,000 00
New York city bonds 200,000 00 222,306 15
$400,000 00 $434,306 15
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, . . . $434,306 15
Cash in the office of the company, ... 10 07
Cash deposited in bank, 30,580 73
Interest due and accrued, 1,278 59
Premiums in course of collection (gross), . 53,256 00
Reinsurance due on losses paid, . . . 1,557 00
Gross assets, $520,988 54
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Liabilities.
$1,086 00
23,821 00
250 00
$25,157 00
4,809 00
$20,348 00
138
ASSURANCE COMPANY OF AMERICA.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
8143,940 10
11,231 17
5,129 07
10,689 69
$191,338 03
$329,650 51
200,000 00
$129,650 51
Income.
Fire premiums outstanding Dec. 31, 1899, . $39,125 40
Premiums on risks written or renewed, . . 394,532 69
Total, $433,658 09
Premiums now in course of collection, . . 53,256 00
Entire premiums collected, .... $380,402 09
Less reinsurance and return premiums, . . 155,113 69
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from profit on sale of bonds,
$225,288 40
13,904 82
3,960 66
Gross cash income, $243,153 88
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$243,527 37
59,714 58
$461 09
8 16
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $29,582,105 00
. 37,848,294 00
.$67,430,399 00
. 34,623,933 00
.$32,806,466 00
. 7,131,903 00
$183,812 79
452 93
24,000 00
71,686 34
3,085 00
6,319 25
2,845 92
$292,202 23
Premiums.
$284,335 58
394,532 69
$678,868 27
326,524 86
$352,343 41
71,493 35
.$25,674,563 00 $280,850 06
ATLANTIC MUTUAL INSURANCE CO.
139
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, .
^933,068 00
545,188 00
156,097 00
78,000 00
24,000 00
78,600 00
"ATLANTIC MUTUAL INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated April 11, 1842. Commenced business July 1, 1842.]
A. A. KAVEN, President. JOSEPH H. CHAPMAN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.*
American Exchange Bank stock, . . . $90,000 00 $90,000 00
Bank of America stock, 50,000 00 50,000 00
Bank of Commerce stock, 64,100 00 64,100 00
Bank of New York stock, .... 94,200 00 94,200 00
Leather Manufacturers 1 Bank stock, . . 25,600 00 25,600 00
Merchants' Bank stock, 70,150 00 70,150 00
Mechanics' Bank stock, 47,675 00 47,675 00
Manhattan Company stock, .... 18,000 00 18,000 00
Market & Fulton Bank stock, .... 30,000 00 30,000 00
Phenix Bank stock, 82,140 00 82,140 00
New Yor-k State stock, 400,000 00 400,000 00
Atlantic Trust Co. stock, 151,000 00 151,000 00
Consolidated Gas Co. stock, .... 62,500 00 62,500 00
New York City stock, 729,600 00 752,660 00
Long Island R.R. Co. stock, .... 50,000 00 15,000 00
Pennsylvania R.R. Co. stock, .... 165,000 00 198,000 00
N. Y., Lackawanna & Western R.R. stock, . 50,000 00 61,687 00
Morris & Essex R.R. Co. stock, . . . 20,000 00 34,475 00
Delaware, Lackawanna & Western R.R. stock, 100,000 00 159,212 00
Chicago & Northwestern R'y Co. stock, . . 100,000 00 160,000 00
United States Mortgage & Trust Co. stock, . 10,000 00 26,420 00
N. Y. Central & Hudson River R.R. stock, . 759,000 00 626,580 00
N. Y. Cent. & Hudson River R.R. bonds, . 234,000 00 222,825 00
New York, Chicago & St. Louis R.R. bonds, . 200,000 00 150,000 00
West Shore R.R. bonds 200,000 00 150,000 00
Brooklyn & Montauk R.R. bonds, . . . 75,000 00 60,000 00
Brooklyn city park bonds 122,000 00 109,800 00
* Estimated for the purpose of permanent investment.
140
ATLANTIC MUTUAL INSURANCE CO.
Jersey City water bonds, .
District of Columbia bonds,
United States bonds, .
Par Value. Market Value.
$ 100,000 00 $100,000 00
1,025,000 00 1,025,000 00
500,000 00 500,000 00
$5,624,965 00 $5,537,024 00
Securities held as collateral for cash loans : —
Southern Railway Co. stock,
Chicago, Burl. & Quincy Railway stock, .
Atchison, Topeka & Santa Fe R'y Co. stock,
Chicago & Alton R'y Co. bonds,
Great Northern R'y Co. stock, .
Atchison, Topeka & Santa Fe R'y stock, .
Chicago & Alton R'y Co. bonds,
Great Northern R'y Co. stock, .
Chicago, Burlington & Quincy R'y Co. stock,
Atchison, Topeka & Santa Fe R'y Co. stock,
Chicago, Burlington & Quincy R'y Co. stock,
Chicago & Great Western R'y Co. stock,.
Market Value.
$19,600 00
137,000 00
84,000 00
22,750 00
90,000 00
67,200 00
91,000 00
18,000 00
41,100 00
8,400 00
41,100 00
23,400 00
Loaned Thereon.
$13,496 00
200,000 00
200,000 00
50,000 00
50,000 00
$643,550 00 $513,496 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,*
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule, .
Cash depos. in bank, and with foreign bankers,
Notes taken for marine and inland risks,
Gross assets,
$1,747,873 59
5,537,024 00
513,496 00
1,559,563 46
1,156,783 60
-$10,514,740 65
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Return premiums,
Miscellaneous,
Gross liabilities, except scrip, .
Surplus as regards policy holders, .
Scrip outstanding, not ordered to be redeemed,
£95,875 92
1,322,426 42
14,100 00
699,323 61
199,826 48
43,936 97
121,733 63
20,406 44
2,517,629 47
. $7,997,111 18
. 6,287,910 00
Surplus over capital $1,709,201 18
* Estimated for the purpose of permanent investment.
ATLANTIC MUTUAL INSUKANCE CO.
141
Income.
Marine premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all sources,
Income from rents, ....
Gross cash income,
. $1,107,844 18
1,074 60
. $1,106,769 58
. 3,278,413 54
. $4,385,183 12
. 1,254,859 71
. $3,130,323 41
167,181 94
- $2,963,141 47
361,947 65
23,833 36
. $3,348,922 48
Expenditures.
Cash paid for marine and inland losses, . . $1,517,947 05
Deduct salvage and reinsurance, . . . 164,703 93
Net cash paid for marine and inland losses, .
Cash paid for redemption of scrip, ....
Interest paid scrip holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes, ....
Gross cash expenditures,
$1,353,243 12
1,273,180 00
379,767 00
34,697 51
324,727 50
61,107 03
$3,426,722 16
Risks and Premiums.
Premiums.
Marine risks outstanding Dec. 31, 1899, . $128,944,985 00 $828,796 25
Marine risks written during 1900, . . 650,298,360 00 3,278,413 54
Total,
Deduct risks expired and terminated,
In force at end of year, .
$779,243,345 00 $4,107,209 79
623,490,330 00 3,407,886 18
$155,753,015 00 $699,323 61
Miscellaneous.
Marine and inland losses incurred during the year (estimated), $1,503,145 00
142
BLACKSTONE MUTUAL FIRE INSURANCE CO.
"BLACKSTONE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated August, 1868. Commenced business August, 1868.]
JOHN EDDY, President. \VM. IS. McBEE, Secretary.
Detailed Statement of Stocks,
Rhode Island State bonds,
United States bonds, ....
Chicago, Burl. & Quincy R.R. bonds,
United Traction & Electric Co. bonds,
255 shares Chic, Burl. & Quincy R.R.,
220
200
200
200
220
150
50
100
400
200
200
300
62
50
50
Chic, Rock Island & Pac R.R.,
Illinois Central R.R.,
Chicago & Northern R.R.,
Rome, Watertown & Og. R.R.,
Pennsylvania R.R., .
Pitts., Ft. Wayne & Chic R.R.,
Rensselaer & Saratoga R.R., .
Morris & Essex R.R.,
National B'k of North America,
National Bank of Commerce, .
Lime Rock National Bank,
Commercial National Bank, .
Fourth National Bank, .
Old National Bank, .
Manufacturers 1 Trust Co.,
Bonds, etc.
Par Value.
$100,000 00
16,000 00
5,000 00
25,000 00
25,500 00
22,000 00
20,000 00
2 i,000 00
20,000 00
11,000 00
15,000 00
5,000 00
5,000 00
20,000 00
10,000 00
4,000 00
15,000 00
6,200 00
5,000 00
5,000 00
Market Value.
1110,000 00
22,080 00
5,300 00
28,500 00
36,210 00
26,400 00
26,400 00
34,200 00
26,800 00
16,170 00
27,750 00
9,750 00
9,500 00
18,000 00
9,800 00
1,000 00
14,550 00
7,254 00
4,600 00
8,500 00
$354,700 00 $442,764 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
§442,764 00
37,551 84
6,149 15
4,265 15
§490,730 14
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
8178,989 64
6,682 59
185,672 23
Net cash assets, . $305,057 91
BRITISH AMERICAN INSURANCE CO. OF NEW YORK. 143
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources,
85,299 34
376,665 47
$381,964 81
4,265 15
$377,699 66
17,042 03
$360,657 63
17,305 86
Gross cash income, $377,963 49
Expenditures.
Cash paid for losses, $31,140 72
as profits on terminated policies, .... 290,11484
for inspections, 5,539 44
for salaries of officers and employees, . . . 10,569 16
for State and local taxes, 7,101 64
for rents, 1,333 33
for incidentals, 2,169 64
. . . . f347,968 77
Gross cash expenditures, ....
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1899, $41,040,135 00 $324,555 48
Risks written during 1900, . 48,383,398 00 376,665 47
Total, 189,423,533 00 $701,220 95
Risks terminated during 1900, . 43,747,984 00 343,241 67
Conting't Prem's.
$1,622,777 40
1,883,327 35
$3,506,104 75
1,716,208 35
In force at end of year, . . $45,675,549 00 $357,979 28 $1,789,896 40
Miscellaneous.
Losses incurred during the year,
$26,614 00
Profits or surplus returned during 1900, 89.05 per cent.
"BRITISH AMERICAN INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated February, 189S. Commenced business February, 1898.]
Paid-up Capital, $200,000.
SILAS P. WOOD, President. JOSEPH M. BIGGERT, Secretary.
New York City bonds,
United States bonds,
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
$100,000 00 f 109,250 00
100,000 00 106,000 00
$200,000 00 $215,250 00
144 BRITISH AMERICAN INSURANCE CO. OF NEW YORK.
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
$215,250 00
58,631 80
583 33
12,957 69
530 69
$287,953 51
Liabilities.
Losses adjusted, reported and resisted, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$10,806 06
1,519 75
$9,286 31
38,490 22
3,239 42
3 75
51,019 70
$236,933 81
200,000 00
$36,933 81
Income.
Fire premiums outstanding Dec. 31, 1899, . $73,358 13
Premiums on risks written or renewed, . . 293,265 87
Total, $366,624 00
Premiums now in course of collection, . . 12,957 69
Entire premiums collected, .... $353,666 31
Less reinsurance and return premiums, . . 221,320 85
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from profit on sale of bonds,
Income from profit and loss,
$132,345 46
9,566 80
3,194 03
69 06
Gross cash income, $145,175 35
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$139,050 46
21,220 57
$117,829 89
42,958 98
3,420 41
3,104 90
2,303 89
$169,618 07
BUFFALO COMMERCIAL INSURANCE CO.
145
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$34,522,171 00
24,122,433 00
$58,644,604 00
49,736,442 00
$8,908,162 00
973,936 00
Premiums.
$257,315 29
293,265 87
$550,581 16
471,741 82
$78,839 34
9,875 24
$7,934,226 00 $68,964 10
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$419,850 00
307,697 00
100,336 00
180,000 00
"BUFFALO COMMERCIAL INSURANCE COMPANY,"
BUFFALO, N. Y.
[Incorporated April 15, 1896. Commenced business April 16, 1896.]
Paid-up Capital, $200,000.
JOHN G. WICKSER, President. GEO. H. HOFHEINS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
New York State bonds, f 100,000 00
Buffalo (N. Y.) city bonds, .... 45,000 00
United States bonds, 27,300 00
Market Value.
$102,500 00
46,165 00
28,665 00
$172,300 00 $177,330 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $118,900 00
Interest due or accrued thereon, . . . 1,847 83
Stocks and bonds, as per schedule, . . . 177,330 00
Cash in the office of the company, . . . 1,361 16
Cash deposited in bank, 29,364 13
Interest due and accrued, 277 08
Premiums in course of collection (gross) , . 19,781 80
Gross assets,
$348,862 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
$479 77
6,960 00
1,423 32
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral, .
$134,133 00
126,375 00
110,900 00
146
BUFFALO COMMERCIAL INSURANCE CO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$99,525 95
4,945 40
87 37
$113,421 81
$235,440 19
200,000 00
Surplus over capital, $35,440 19
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
$15,489 56
7 60
§15,481 96
181,249 00
8196,730 96
19,781 80
$176,949 16
34,968 37
sources, .
$141,980 79
6,078 60
5,811 66
Gross cash income, $153,871 05
Expenditures.
Cash paid for fire losses, $105,277 71
Deduct salvage and reinsurance, . . . 3,462 52
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Gross cash expenditures,
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$15,564,495 00
17,005,146 00
$32,569,641 00
14,178,807 00
$18,390,834 00
523,703 00
$101,815 19
35,371 39
6,806 80
3,737 35
6,801 61
$154,532 34
Premiums.
§154,280 85
181,249 00
$335,529 85
145,456 77
$190,073 08
3,900 18
$17,867,131 00 $186,172 90
BUFFALO GERMAN INSURANCE CO.
147
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Company's stock owned by directors,
$504,358 00
277,987 00
92,553 00
6,000 00
48,500 00
"BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y.
[Incorporated Feb. 15, 1867. Commenced busine9S Feb. 16, 1867.]
Paid-up Capital, $200,000.
OLIVER J. EGGERT, President. CHARLES A. GEORGER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$100,000 00
United States bonds, .
Buffalo city bonds, .
State of New York bonds,
Buffalo & Southwestern R.R. bonds,
Tonawanda Gas Co. bonds,
Third National Bank, Buffalo, stock,
Securities held as collateral for cash loans :
Exchange Elevator Co., Buffalo, N. Y., stock,
German Bank, Buffalo, N. Y., stock,
Buffalo Loan, Trust & Safe Deposit Co. stock
Union Bank, Buffalo, N. Y., stock, .
Buffalo Co-operative Brewing Co. stock, . ■
Buffalo Co-operative Stove Co. stock,
Internat'l Brewing Co., Buffalo, N. Y., stock,
Internat'l Brewing Co., Buffalo, N. Y., stock,
Magnus Beck Brewi'g Co., Buffalo, N. Y., stock
Buffalo Southwestern Railroad Co. bonds,
Buffalo General Electric Co. bonds, .
Fidelity Trust & Guar. Co., Buffalo, N. Y., st'k
German Bank, Buffalo, N. Y., stock,
Buffalo Co-operative Brewing Co. stock, .
Crystal Water Co., Buffalo, N. Y., stock,
Central Production Co., Pittsburgh, Pa., stock
Erie County Search Co., Buffalo, N. Y., stock
N'l Electrolytic Co., Niagara Falls, N. Y., st'k
German Bank, Buffalo, N. Y., stock,
Niagara Falls & Suspensi'n Bridge R'y Co. b'ds
Third National Bank, Buffalo, N. Y., stock,
714,936 29
45,000 00
36,250 00
33,000 00
45,000 00
Market Value
$ 100,000 00
714,936 29
45,000 00
36,250 00
33,000 00
45,000 00
$974,186 29 $974,186 29
Market Value.
f 1,000 00
8,000 00^1
6,250 00
12,500 00
5,400 00
8,700 00
1,375 00 ;
2,090 00
495 00
6,050 00
4,000 00
11,250 00
12,000 00
1,350 00
3,000 00
1,250 00
18,800 00
10,000 00
8,000 00
4,120 00
1,200 00
Loaned Thereon.
$700 00
25,000 00
2,000 00
8,000 00
6,500 00
1,000 00
1,700 00
10,000 00
6,000 00
4,500 00
$126,830 00 $65,400 00
148
BUFFALO GERMAN INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,f .....
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from brokerage, .
Gross cash income,
other
$300,000 00
456,860 00
6,639 88
974,186 29
65,400 00
2,838 98
.161,073 19
6,120 60
51,894 22
2,918 76
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
$2,027,931 92
$1,758 52
21,508 75
5,168 91
342,542 95
10,378 84
315 39
381,673 36
. $1,646,258 56
200,000 00
. 61,446,258 56
$45,245 10
487,736 17
$532,981 27
51,894 22
$481,087 05
104,490 37
sources,
$376,596 68
24,609 23
40,212 74
2,407 93
$443,826 58
$266,557 70
29,123 46
8237,434 24
* Value of lands mortgaged $650,635 00
Value of buildings thereon, 477.575 00
Amount of insurance held as collateral, . . . . 363,150 00
t Including $200,000 special reserve fund held under New York law.
CALEDONIAN-AMERICAN INSURANCE CO.
149
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals, ....
Gross cash expenditures, ....
$40,000 00
96,277 91
27,425 84
7,586 13
12,982 77
31,035 79
$452,742 68
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
.$65,789,211 00 f 626,586 19
. 48,370,774 00 487,736 17
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$114,159,985 00 $1,114,322 36
. 42,404,770 00 425,911 23
.$71,755,215 00 $688,411 13
. 3,839,808 00 37,937 92
7,915,407 00 $650,473 21
Miscellaneous.
Premiums received from organization of company, . . $9,984,030 00
Losses paid from organization of company, .... 4,797,612 00
Fire losses incurred during the year, 237,951 00
Cash dividends declared from organization of company, . 1,145,925 00
Dividends declared during the year (20 per cent.), . . 40,000 00
Company's stock owned by directors, 48,700 00
"CALEDONIAN-AMERICAN INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated Dec. 24, 1897. Commenced business March 24, 1898.]
Paid-up Capital, $200,000.
CHARLES H. POST, President. N. A. McNEIL, Vice-President and Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
New York City school bonds, .... $200,000 00 $200,000 00
Chic., Mil. & St. Paul R.R. Co. stock, . . 10,000 00 18,700 00
Chicago & Northwestern R'y Co. stock, . . 7,500 00 16,200 00
Central Union Gas Co. of N. Y. bonds, . . 5,000 00 5,400 00
Broadway & Seventh Ave. R.R. Co. bonds, . 10,000 00 12,300 00
Steinway R.R. Co. of N. Y. bonds, . . . 5,000 00 5,850 00
Brooklyn Union Gas Co. bonds, . . . 5,000 00 5,800 00
Brooklyn, Queen's Co. & Sub. R.R. bonds, . 5,000 00 5,600 00
N. Y., Ontario & Western R'y Co. bonds, . 5,000 00 5,375 00
Tenth & Twenty-third Street Ferry Co. bonds, 5,000 00 5,250 00
150
CALEDONIAN- AMERICAN INSURANCE CO.
Morris & Essex R'y Co. stock, .
Cleveland & Pittsburgh R.R. Co. stock,
Rome, Watert'n & Ogdens. R.R. stock,
Par Value.
$10,000 00
10,000 00
10,000 00
Market Value.
$19,000 00
19,000 00
13,500 00
$287,500 00 $331,975 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, $42 12
Gross assets,
$331,975 00
10,295 25
2,368 75
27,863 71
43 58
$372,546 29
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$7,891 62
18,426 50
1,250 00
$27,568 12
11,129 28
$16,438 84
74,239 62
6,687 29
2,574 32
99,940 07
$272,606 22
200,000 00
Surplus over capital, $72,606 22
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
$21,761 17
158,538 04
$180,299 21
27,919 13
$152,380 08
46,544 91
$105,835 17
11,125 00
Gross cash income,
$116,960 17
CAMDEN FIRE INSURANCE ASSOCIATION.
151
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$107,483 08
24,679 33
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $13,635,613 00
. 17,499,515 00
. $31,135,128 00
. 13,347,985 00
. $17,787,143 00
. 2,337,206 00
$82,803 75
24,976 90
2,626 71
3,581 60
3,077 14
$117,066 10
Premiums.
$122,351 53
158,538 04
$280,889 57
119,347 88
$161,541 69
23,887 32
.$15,449,937 00 $137,654 37
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$258,192 00
165,326 00
78,254 00
10,000 00
4,500 00
" CAMDEN FIRE INSURANCE ASSOCIATION," CAMDEN, N. J.
[Incorporated March, 1841. Commenced business April, 1841.]
Paid-up Capital, $200,000.
EDMUND E. READ, Jr., President. JOSEPH K. SHARP, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Camden city bonds, $3,500 00 $4,015 00
Lehigh Valley Coal Co. bonds, . . . 20,000 00 21,100 00
Choctaw, Oklahoma & Gulf R.R. bonds, . . 15,000 00 16,125 00
Read. Co. & Phil. & Read. Coal & Iron Co. b'ds, 20,000 00 18,600 00
Consolidated Traction Co. of N. J. bonds, . 15,000 00 16,350 00
Electric & People's Traction Co. bonds, . . 10,000 00 9,900 00
Norfolk & Western R.R. Co. bonds, . . 20,000 00 19,800 00
Maryland Steel Co. bonds, .... 10,000 00 10,050 00
Syracuse Rapid Transit Co. bonds, . . . 6,000 00 5,940 00
Asphalt Co. of America bonds, . . . 5,000 00 3,100 00
Philadelphia Co. bonds, 13,000 00 14,300 00
152
CAMDEN FIRE INSURANCE ASSOCIATION.
South Bound R.R. Co. bonds, .
Wisconsin Central R.R Co. bonds, .
City of Duluth bonds,
Jersey City, Hoboken & Paters'n R.R. Co. b'ds,
14 shares Girard Trust Co. (Phil.),
50 " Phila. & Camden Ferry Co.,
100 " Philadelphia Traction Co.,
Securities held as collateral for cash loans
Camden & Suburban R'y bonds,
Par Value.
110,000 00
5,000 00
5,000 00
5,000 00
1,400 00
2,500 00
5,000 00
Market Value.
39,875 00
4,362 00
• 5,296 00
4,000 00
7,000 00
6,000 00
9,900 00
3171,400 00 $185,713 00
Market Value.
$1,050 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank,
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued,
Advanced to pay taxes on property secured by
mortgage,
Prem's more than three mos. due, $ 100 50
Gross assets,
$46,100 00
221,750 00
5,860 21
185,713 00
1,000 00
960 98
29,187 21
2,968 80
18,635 19
252 70
109 20
Liabilities.
Losses claimed and reported,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Dividends to stockholders unpaid, .
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
$8,821 74
1,150 00
87,671 74
76,141 19
24,171 08
261 80
255 26
1,200 00
6,719 46
113 24
Loaned Thereon.
$1,000 00
$512,537 29
116,533 77
$396,003 52
200,000 00
$196,003 52
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$2-25,350 00
234,300 00
204,000 00
CAMDEN FIRE INSURANCE ASSOCIATION.
153
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from miscellaneous,
Deposits received for perpetual fire risks,
$5,793 53
19 30
$5,774 23
125,142 54
$130,916 77
18,735 69
$112,181 08
16,551 28
sources,
$95,629 80
11,210 39
6,763 21
1,911 07
327 99
$301 87
Gross cash income, $115,842 46
Expenditures.
Cash paid for fire losses, $50,075 45
Deduct salvage and reinsurance, . . . 1,558 67
Net cash paid for fire losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of ofiicers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals,
Deposits returned on perpetual fire risks, . $876 17
Gross cash expenditures, .
,516 78
10,644 00
23,633 71
6,264 00
1,212 65
797 02
6,609 79
$97,677 95
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,.
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
$7,327,861 00
12,773,184 00
$20,101,045 00
4,843,551 00
$15,257,494 00
310,770 00
$14,946,724 00
$1,217,300 00
Premiums.
$68,481 66
125,142 54
$193,624 20
42,727 27
$150,896 93
3,154 00
$147,742 93
$26,856 75
154
THE CAPITAL FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year, .
Company's stock owned by directors, ....
1445,555 00
166,555 00
52,583 00
247,937 00
10,573 00
34,255 00
"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD,
N. H.," CONCORD, N. H.
[Incorporated March 10, 1886. Commenced business March 19, 1886.]
Paid-up Capital, $200,000.
LYMAN JACKMAN, President. CHARLES L. JACKMAN, Secretary.
Detailed Statement of Stocks
City of Portsmouth, N. H., bonds, .
City of Dover, N. H., bonds,
City of Concord, N. H., bonds,
New Hampshire Trust Co. bonds, .
Muscatine Mort. & Trust Co. bonds,
City Water Co., Merrill, Wis., bonds,
Cent. Loan & Deb. Co., Kan. City, Mo., bonds
Win field Water Co. bonds,
Johnson L'n & Tr. Co., Ark. City, Kan., bonds
Grand Forks, Da., Gas & Elec. Co. bonds,
Wichita, Kan., Water Co. bonds,
Metropolitan West End R.R. Co. bonds, .
Neb. Loan & Tr. Co., Hastings, Neb., bonds,
City of Kingman, Kan., Water Co. bonds,
Town of Montrose, Col , bonds,
Denver Consolidated Electric Co. bonds, .
Denver Consolidated Gas & Elec. Co. bonds,
60 shares C. & M. R.R., ....
25 " Page Belting Co., Concord, N. H.,
25 " Prescott Piano Co., Concord, N. H.,
1 share Amoskeag Mfg. Co., .
2 shares Nashua Mfg. Co.,
30 '
50
10 '
7 '
12 '
Pullman Palace Car Co., .
Concord Real Estate Co., .
Nat'l B'k of Lebanon, N. H.,
Amory Mfg. Co.,
Metropolitan West Side R.R.,
and Bonds.
Par Value.
840,000 00
26,000 00
25,000 00
5,850 00
3,250 00
5,000 00
3,285 00
3,000 00
1,400 00
2,500 00
2,000 00
1,000 00
500 00
1,000 00
800 00
1,000 00
5,000 00
6,000 00
1,250 00
2,500 00
1,000 00
1,000 00
3,000 00
5,000 00
1,000 00
700 00
1,200 00
Market Value.
$43,200 00
28,080 00
28,000 00
4,680 00
2,600 00
5,000 00
2,628 00
3,000 00
395 00
2,500 00
2,000 00
980 00
500 00
500 00
800 00
1,000 00
4,400 00
12,000 00
1,250 00
2,500 00
1,725 00
1,540 00
6,000 00
5,000 00
1,250 00
966 00
898 00
$149,235 00 $163,392 00
THE CAPITAL FTKE INSURANCE CO.
155
Summary of Assets Dec. 81, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
$102,875 40
89,619 80
1,482 85
163,392 00
3,023 20
21,977 05
911 23
42,407 85
507 33
125 89
$426,322 60
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Due for borrowed money,
Commissions and brokerage, .
Return premiums,
Reinsurance, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
§13,534 62
9,472 62
$23,007 24
4,423 84
§18,583 40
146,638 46
12,307 29
5,000 00
7,141 97
6,407 49
1,014 71
94 54
197,187 86
§229,134 74
200,000 00
§29,134 74
Income.
Fire premiums outstanding Dec. 31, 1899, . $45,851 16
Premiums on risks written or renewed, . . 340,293 15
Total $386,144 31
Premiums now in course of collection, . . 42,407 85
Entire premiums collected, .... §343,736 46
Less reinsurance and return premiums, . . 124,813 64
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
§218,922 82
5,336 95
7,256 98
* Value of property mortgaged $186,725 00
Amount of insurance held as collateral, . . . 83,200 00
156
CITIZENS INSURANCE CO.
Income from rents, .
Income from all other sources,
Borrowed money,
$5,666 82
47 54
$5,000 00
Gross cash income, $237,231 11
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
$227,493 75
71,260 68
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
.$30,331,763 00
. 29,179,147 00
Total, $59,510,910 00
Deduct risks expired and terminated, . . 26,554,494 00
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$32,956,416 00
. 5,536,126 00
$156,233 07
8,000 00
51,727 38
11,631 22
6,836 72
700 12
11,149 01
$246,277 52
Premiums.
$373,474 76
340,293 15
$713,767 91
339,054 74
$374,713 17
94,707 66
$27,420,290 00 $280,005 51
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (4 per cent.), .
Company's stock owned by directors, ....
$2,874,335 00
1,212,757 00
158,990 00
101,614 00
8,000 00
36,200 00
"CITIZENS' INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1836. Commenced business April, 1837. J
Paid-up Capital, $300,000.
EDWARD A. WALTON, President. FRANK If. PARKER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
$150,000 00 $172,500 00
10,000 00 33,500 00
30,000 00 44,400 00
5,000 00 11,750 00
20,000 00 39,000 00
United States bonds,
National Bank of Commerce stock,
National Citizens' Bank stock,.
National Bank of Republic stock,
Consolidated Gas Co. stock,
citizens' INSURANCE CO.
157
Union Trust Co. stock, ....
N. Y., Chic. & St. Louis R.R. bonds,
Securities held as collateral for cash loans
Trust Co. of America stock,
National Citizens Bank stock, .
Gas & Electric Co. of Bergen Co. stock, .
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *) ,
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Par Value.
$10,000 00
10,000 00
$235,000 00
Market Value.
$10,500 00'
1,480 00
7,300 00
Market Value.
$139,000 00
10,800 00
$450,950 00
Loaned Thereon.
$15,000 00
$19,280 00 $15,000 00
31, 1900.
$90,000 00
20,300 00
371 50
450,950 00
15,000 00
2,314 69
33,909 34
2,833 33
175,062 26
2,680 00
5,062 14
$798,483 26
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Dividends to stockholders, unpaid, .
Due and accrued for rent, salaries, etc ,
Commissions and brokerage, .
Return premiums, ....
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$15,504 89
27,733 11
3,108 50
$46,346 50
14,196 50
$32,150 00
331,084 50
416 20
700 00
28,362 50
679 32
1,980 56
5,947 75
401,320 83
$397,162 43
300,000 00
$97,162 43
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$25,000 00
28,000 00
22,200 00
158
CITIZENS INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks- written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Income from all other sources,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Interest paid scrip holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
$154,952 67
2,60-4 72
$152,347 95
899,380 23
$1,051,728 18
175,062 26
$876,665 92
193,234 56
sources,
$568,627 53
109,934 42
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
. $86,588,321
. 107,348,282
$683,431 36
1,164 00
16,373 04
5,311 66
11,303 55
$717,583 61
$458,693 11
23,989 30
644 70
162,088 67
66,748 08
9,197 18
35,771 60
$757,132 64
Premiums.
00 $637,259 07
00 899,380 23
$193,936,603
. 109,886,713
00 $1,536,639 30
00 844,821 30
. $84,049,890
. 8,738,342
00
00
$691,818 00
69,893 62
. $75,311,548 00 $621,924 38
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$17,679,420 00
9,629,520 00
452,700 00
2,092,944 00
24,000 00
123,060 00
citizens' insurance co. 159
"CITIZENS' INSURANCE COMPANY OF MISSOURI,"
ST. LOUIS, MO.
[Incorporated February, 1837. Commenced business 1837.]
Paid-up Capital, $200,000.
SOL. E. WAGGONER, President. JOHN H. CARR, Secretary.
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $16,877 00
Loans on mortgage of real estate (first liens *), 210,277 35
Interest accrued thereon, 3,728 00
Cash in the office of the company, ... 40 03
Cash deposited in bank, 38,833 61
Premiums in course of collection (gross), . 88,382 88
Reinsurance due on losses paid, . . . 96,195 25
Prem's more than three mos. due, $3,173 92
Gross assets, $454,334 12
Liabilities.
Losses adjusted, unpaid, $435 00
claimed and reported, .... 16,913 56
disputed or resisted, .... 1,242 50
Total amount of losses, $18,591 06
Less reinsurance, 3,765 36
Net amount of unpaid losses, .... $14,825 70
Unearned premiums on outstanding risks, . 88,382 88
Due and accrued for rent, salaries, etc., . . 134 22
Commissions and brokerage, .... 19,819 59
Reinsurance disallowed, 379 67
Gross liabilities, except capital, . . 123,542 06
Surplus as regards policy holders, $330,792 06
Paid-up capital, 200,000 00
Surplus over capital, $130,792 06
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$83,839 56
664,504 64
$748,344 20
93,181 25
$655,162 95
517,737 03
$137,425 92
* Value of lands mortgaged $332,220 00
Value of buildings thereon 221,480 00
Amount of insurance held as collateral 176,550 00
160
citizens' INSURANCE CO.
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
$78 59
1,172 45
$1,251 04
81 62
$1,169 42
820 70
$348 72
14,471 82
399 00
Gross cash income, $152,645 46
Expenditures
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Pb
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1900, .
Deduct risks expired and terminated,
. $379,500 94
283,253 38
$96,247 56
5 43
32,267 30
13,060 58
6,721 61
12,473 56
$18 11
12 68
>es, .
IMS.
. $7,995,561 00
. 58,805,098 00
$160,776 04
Premiums.
$91,560 23
664,504 64
.$66,800,659 00
. 20,195,113 00
. $46,605,546 00
. 33,490,389 00
$756,064 87
206,001 49
$550,063 38
395,340 38
.$13,115,157 00 $154,723 00
$233,588 00
233,588 00
$1,172 45
1,172 45
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Company's stock owned by directors, .
$3,920,106 00
97,739 00
31 00
985,798 00
200,000 00
THE COLONIAL ASSURANCE CO.
161
"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated June 16, 1896. Commenced business July 15, 1896.]
Paid-up Capital, $200,000.
LEO H. WISE, President. E. E. HALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 0137,000 00
New York city bonds, 200,000 00 195,250 00
New York State bonds, 100,000 00 101,500 00
Brooklyn city bonds, 25,000 00 27,000 00
$425,000 00 $460,750 00
Summary of Assets Dec 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
Balance,
$460,750 00
957 68
4,298 05
1,291 67
86,428 50
$553,725 90
13,700 00
$540,025 90
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums, ....
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$12,369 23
58,122 42
$70,491 65
2,538 60
$67,953 05
179,152 94
22,452 73
11,536 53
2,374 33
978 66
$284,448 24
2,500 00
281,948 24
$258,077 66
200,000 00
$58,077 66
162
THE COLONIAL ASSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources,
$121,367 55
289,840 81
$411,208 36
73,616 17
$337,592 19
150,924 66
$22,110 15
71,382 12
$93,492 27
12,812 33
880,679 94
16,724 37
$186,667 53
63,955 57
18,725 90
Gross cash income, $269,349 00
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$387,361 95
52,958 99
|40,485 93
15,090 09
8334,402 96
25,395 84
105,516 15
3,940 00
9,160 06
7,417 84
$485,832 85
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
.856,720,088 00 $511,531 95
. 28,813,575 00 289,840 81
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$85,533,663 00 8801,372 76
. 61,757,063 00 559,772 59
.$23,776,600 00 $241,600 17
. 1,319,298 00 10,555 65
.$22,457,302 00 8231,044 52
COMMERCE INSURANCE CO.
163
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, ,
$2,107,382 00
2,732,367 00
$4,839,749 00
2,988,671 00
$1,851,078 00
4,500 00
Premiums.
,179 49
71,382 12
$136,561 61
72,579 47
$63,982 14
150 00
$1,846,578 00 $63,832 14
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
,193,793 00
981,590 00
302,611 00
37,631 00
20,000 00
91,350 00
"COMMERCE INSURANCE COMPANY," ALBANY, N. Y.
[Incorporated June 1, 1859. Commenced business June 1, 1859.]
Paid-up Capital, $200,000.
GARRET A. VAN ALLEN, President. E. DARWIN JENISON, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $175,000 00
Thomson Pulp & Paper Co. bonds, . . . 10,000 00
150 shares First Nat'l Bank, Albany, N. Y., . 15,000 00
50 shares National Bank, Cohoes, N. Y., . 5,000 00
Market Value.
$217,500 00
10,000 00
19,500 00
7,500 00
$205,000 00 $254,500 00
Securities held as collateral for cash loans : —
10 shares First Nat'l B'k, Albany, N. Y„ .
35 shares National Bank of Cohoes, N. Y.,
Albany Hotel Corporation bonds, .
Market Value.
$1,300 00
5,250 00
9,500 00
Loaned Thereon.
$1,000 00
400 00
5,500 00
f 16,050 00 $6,900 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $79,000 00
Loans on mortgage of real estate (first liens *), 39,400 00
* Value of lands mortgaged, $36,550 00
Value of buildings thereon, 54,650 00
Amount of insurance heJd as collateral 46,000 00
164
COMMERCE INSURANCE CO.
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$254,500 00
6,900 00
1,054 94
13,098 97
14,651 94
1,112 83
$409,718 68
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$1,350 00
5,900 00
2,750 00
$10,000 00
300 00
$9,700 00
87,396 31
142 06
2,873 05
1,233 37
4,300 52
105,645 31
$304,073 37
200,000 00
$104,073 37
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Premium on sale of bonds,
$10,074 00
144,527 21
$154,601 21
14,651 94
$139,949 27
15,170 45
Gross cash income,
$124,778 82
1,136 47
9,333 79
6,930 77
7,000 00
$149,179 85
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
$75,383 49
4,034 60
$71,348 89
16,000 00
THE COMMERCIAL UNION FIRE INSURANCE CO.
165
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $17,068,448 00
. 13,705,565 00
. $30,774,013 00
. 13,020,260 00
. $17,753,753 00
960,761 00
$28,133 71
12,469 46
5,354 28
886 25
11,501 52
$145,694 11
Premiums.
$166,618 33
144,527 21
$311,145 54
126,719 59
$184,425 95
9,017 57
.$16,792,992 00 $175,408 38
Miscellaneous.
Premiums received from organization of company, . . $5,811,605 00
Losses paid from organization of company, .... 3,712,940 00
Fire losses incurred during the year, 67,850 00
Cash dividends declared from organization of company, . 920,000 00
Dividends declared during the year (8 per cent.), . . . 16,000 00
Company's stock owned by directors, 65,100 00
"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF
NEW YORK," N. Y.
[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.]
Paid-up Capital, $200,000.
A. H. WRAY, President. C. J. HOLMAN, Secretary.
Detailed Statement op Stocks and Bonds.
Par Value.
United States bonds, $20,000 00
New York city armory bonds, .... 200,000 00
New York city water loan, .... 13,000 00
Atchison, Topeka & Santa Fe R.R. bonds, . 10,000 00
Southern R'y bonds, 8,000 00
Chicago, Mil. & St. Paul R.R. stock, . . 10,000 00
Market Value.
$27,600 00
200,000 00
13,780 00
10,287 50
9,160 00
18,725 00
$261,000 00 $279,552 50
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, . . . $279,552 50
Cash in the office of the company, . , , 373 56
166
THE COMMERCIAL UNION FIRE INSURANCE CO.
Cash deposited in bank, $17,132 18
Interest due and accrued, 1,722 08
Premiums in course of collection (gross), . 44,637 85
Prem's more than three mos. due, $1,331 50
Gross assets,
$343,418 17
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
$21,058 00
10,700 00
5,200 00
$36,958 00
14,675 00
$22,283 00
80,648 81
5,427 33
11,827 26
77 22
120,263 62
$223,154 55
200,000 00
$23,154 55
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources,
$32,584 98
263,390 80
$295,975 78
45,969 35
$250,006 43
134,719 82
$115,286 61
8,122 29
Gross cash income, $123,408 90
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, ,
for incidentals, .....
Gross cash expenditures,
$149,683 49
62,538 48
$87,145 01
10,000 00
23,753 87
3,786 58
5,170 04
3,074 59
$132,930 09
THE COMMONWEALTH INSURANCE CO.
167
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
. $25,411,141 00
. 27,350,365 00
Total, $52,761,506 00
Deduct risks expired and terminated, . . 26,514,569 00
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$26,246,937 00
. 10,643,218 00
Premiums.
$242,839 82
263,390 80
$506,230 62
250,386 08
$255,844 54
95,391 93
. $15,603,719 00 $160,452 61
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors,
$535,842 00
314,702 00
90,524 00
49,000 00
10,000 00
7,500 00
"THE COMMONWEALTH INSURANCE COMPANY OF
NEW YORK," N. Y.
[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1886.]
Paid-up Capital, $500,000.
CHARLES S. BARTOW, President. E. J. PERRIX, Secretary pro tern.
Detailed Statement of Stocks
United States bonds, .
New York city bonds, .
Missouri, Kan. & Texas R'y bonds, .
Atch., Topeka & Santa Fe R.R. bonds,
200 shares American Tel. & Cable Co.,
175 ■
TOO '
1,000 '
100 '
100 '
100 '
100 ■
200 '
300 '
600 '
100
American Surety Co., .
American Sugar Refining Co.,
Brooklyn City R.R. Co.,
Amer. Agri. Chemical Co., .
Chic, Burl. & Quincy R.R., .
Chic, Rock Isl. & Pacific R.R.,
Chic, St. P'l, Minn. & O'ha R'y,
Canada Southern R'y Co.,
Chic, Mil. & St. Paul R'y, .
Chicago & Northwestern R'y,
Consolidated Gas Co. of N. Y.,
and Bonds.
Par Value.
$45,000 00
155,000 00
10,000 00
10,000 00
20,000 00
8,750 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
20,000 00
30,000 00
60,000 00
10,000 00
Market Value.
$47,784 38
158,125 00
9,850 00
8,662 50
18,025 00
15,312 50
10,115 00
18,725 00
7,800 00
12,325 00
10,387 50
10,162 50
10,687 50
38,662 50
89,962 50
18,250 00
168
THE COMMONWEALTH INSURANCE CO.
200 shares
200
H
100
II
50
II
200
li
70
U
400
(C
100
(1
200
(I
100
II
100
II
13
II
25
II
50
11
17
II
50
II
50
II
25
u
50
it
50
II
Del., Lack. & Western R'y, .
Delaware & Hudson Canal Co.,
Illinois Central R.R. Co.,
Kan. City, St. Louis & Ch. R.R.,
Pullman Palace Car Co., .
Hocking Valley R'y Co., .
N. Y., New Haven & Hart. R.R.,
Rome, Watert'n & Ogden. R.R.,
Union Pacific R.R., .
Western Union Telegraph Co.,
N. Y. Cent. & Hudson River R.R.,
Bank of America, N. Y., .
Central Nat'l Bank, N. Y., .
German-American Bank, N. Y.,
Manhattan Company,
Nat'l Park Bank of N. Y.,
Merchants' Nat'l Bank, N. Y.,
Nat'l B'k of Commerce, N. Y.,
N. Y. Produce Exchange Bank,
Corn Exchange Bank,
Par Value.
$10,000 00
20,000 00
10,000 00
5,000 00
20,000 00
7,000 00
40,000 00
10,000 00
20,000 00
10,000 00
10,000 00
1,300 00
2,500 00
3,750 00
850 00
5,000 00
2,500 00
2,500 00
5,000 00
5,000 00
Market Value.
$15,387 50
24,211 00
9,087 50
6,818 75
30,604 17
5,110 00
80,830 48
11,087 50
16,625 00
8,465 80
10,137 50
3,401 25
3,632 50
4,537 50
1,672 32
21,731 87
3,625 00
4,500 00
5,550 00
14,000 00
$619,150 00 $765,852 52
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross)
Gross assets
$113,000 00
1,160 83
765,852 52
1,020 27
33,105 31
33,008 69
$947,147 62
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums, reinsurance, etc.,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$17,320 77
130,599 20
1,925 00
4,190 48
3,643 08
1,834 02
159,512 55
$787,635 07
500,000 00
Surplus over capital, $287,635 07
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$86,000 00
98,000 00
103,000 00
THE COMMONWEALTH INSUKANCE CO.
169
Income.
Fire premiums outstanding Dec. 31, 1899, . $28,815 34
Premiums on risks written or renewed, . . 280,297 48
Total . $309,112 82
Premiums now in course of collection, . . 33,008 69
Entire premiums collected, .... $276,104 13
Less reinsurance and return premiums, . . 47,970 60
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
8228,133 53
4,860 75
32,482 33
Gross cash income, $265,476 61
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
$170,744 36
13,548 88
$157,195 48
30,000 00
32,640 25
26,245 00
8,543 35
10,590 25
. $265,214 33
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
. $23,393,314 00 $193,337 12
. 35,015,690 00 280,297 48
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $58,409,004 00 $473,634 60
. 29,802,619 00 222,764 79
. $28,606,385 00 $250,869 81
785,720 00 4,399 52
.$27,820,665 00 $246,470 29
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ,
;2,717,665 00
1,561,406 00
139,765 00
291,000 00
30,000 00
190,100 00
170
THE CONCORDIA FIRE INSURANCE CO.
"THE CONCORDIA FIRE INSURANCE COMPANY OF
MILWAUKEE," MILWAUKEE, WIS.
[Incorporated March 7, 1870. Commenced business March 20, 1870.]
Paid-up Capital, $200,000.
GEO. BRUMDER, President. FRANK DAMKOEHLER, Secretary.
Detailed Statement of Stocks
Chicago, 111., sewerage bonds,
Cincinnati sinking fund bonds,
Washington Co., 111., bonds,
Lincoln, Neb., school bonds,
State of Montana bonds, .
Fond du Lac, Wis., bonds,
Sparta, Wis., bonds, .
Dubuque, Iowa, improvement bonds
Whiting, Ind., water works bonds,
Kansas City, Mo., funding bonds,
Lawrence County, 111., bonds, .
Spokane, Wash., water works bonds,
New York city bonds,
and Bonds.
Par Value.
$25,000 00
40,000 00
15,000 00
25,000 00
40,000 00
30,000 00
3,000 00
15,000 00
10,000 00
11,900 00
12,500 00
20,000 00
25,000 00
Market Value.
£25,407 50
43,112 00
15,527 00
26,215 00
41,596 00
30,408 00
3,000 00
15,103 50
10,957 00
13,342 28
13,436 25
22,534 00
27,350 00
$272,400 00 £287,988 53
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
£17,000 00
459,730 00
8,533 31
287,988 53
166 34
54,062 37
5,294 58
124,086 34
'956,861 47
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed and resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
117,515 34
23,677 60
9,415 00
£50,607 94
18,412 43
$32,195 51
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$6S4,100 00
659,300 00
360,050 00
THE CONCORDIA FIRE INSURANCE CO.
171
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ,
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income, .
$536,325
28,369
305
21
43
84
$128,055
6,243
51
41
£121,812
940,577
10
15
$1,062,389
124,086
25
34
$938,302
277,748
91
75
sources, .
$597,195 99
$359,665 48
200,000 00
$159,665 48
$660,554 16
21,910 83
13,820 00
1,132 83
$697,417 82
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals, ....
Gross cash expenditures, .
Risks and Premiums.
$455,649
91,478
11
69
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $95,256,234
. 86,075,501
$364,170 42
20,000 00
174,514 92
34,283 50
18,976 98
323 98
60,487 61
$672,757 41
Premiums.
00 $1,036,212 54
00 940,577 15
$181,331,735
. 66,016,524
00 $1,976,789 69
00 731,929 97
$115,315,211
. 17,802,702
00 $1,244,859 72
00 205,586 56
.$97,512,509 00 $1,039,273 16
172
CONNECTICUT FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$7,289,991 00
3,764,129 00
350,800 00
307,667 00
20,000 00
105,100 00
"CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD,
CONN.
[Incorporated June, 1850. Commenced business July, 1850.]
Paid-up Capital, $1,000,000.
J. D. BROWNE, President. CHARLES R. BURT, Secretary.
Detailed Statement of Stocks asd Bonds.
Par Value. Market Value.
Dominion of Canada bonds, .... $100,000 00 $101,000 00
State of Georgia bonds, 25,000 00 28,750 00
Territory of Arizona bonds, .... 75,000 00 81,000 00
City of Astoria, Ore., bonds, .... 17,000 00 18,500 00
City of Dallas, Tex., bonds, .... 12,000 00 12,960 00
City of Fargo, N. D., bonds, .... 15,000 00 16,170 00
City of Helena, Mont., bonds, . . . . 20,000 00 21,400 00
City of Middletown, Conn., bonds, . . . 10,000 00 10,000 00
City of Pawtucket, R. I., bonds, . . . 30,000 00 31,500 00
City of Portland, Ore., bonds, .... 25,000 00 28,750 00
City of Richmond, Va., bonds, .... 50,000 00 50,000 00
City of Salem, Ore., bonds, .... 11,000 00 11,880 00
City of Salt Lake, U., bonds, .... 40,000 00 44,000 00
City of Seattle, Wash., bonds, .... 25,000 00 26,250 00
City of Urbana, O., bonds, .... 15,000 00 15,000 00
Hennepin Co. & Minnea'lis city, Minn., bonds, 25,000 00 27,500 00
Wayne County, Mich., bonds, .... 25,000 00 26,250 00
Mankato School District, Minn., bonds, . . 15,000 00 15,000 00
School Dist. No. 24, Marion Co., Ore., bonds, . 13,000 00 14,040 00
South School Dist., Hart., Conn., bonds, . . 25,000 00 25,000 00
Black Rocks & Salis. B'ch St. R.R. Co. bonds, 10,000 00 10,000 00
Broadway & Seventh Ave. R.R. Co. bonds, . 20,000 00 20,800 00
O, B. & Q. R.R. Co. bonds, .... 17,000 00 17,470 00
Chic, St. Louis & New Orl. R.R. Co. bonds, . 25,000 00 25,000 00
Chicago & Northwestern R.R. Co. bonds, . 5,000 00 5.400 00
Chicago & Western Indiana R.R. Co. bonds, . 24,000 00 28,320 00
Cincinnati, Dayton & Ironton R.R. Co. bonds, . 15,000 00 16,500 00
Cincin., Hamilton & Dayton R.R. Co. bonds, . 50,000 00 53,500 00
Cleve., Cin., Chic. & St. Louis R.R. Co. bonds, 10,000 00 9,300 00
CONNECTICUT FIRE INSURANCE CO.
173
Cleveland Electric Railway Co. bonds, .
Cleve. & Mahoning Valley R.R. Co. bonds,
Dayton & Mich. R.R. Co. bonds,
Detroit, Grand Rapids & W'rn R.R. Co. bonds,
Fitchburg R.R. Co. bonds,
Harlem River & Port Chester R.R. Co. bonds
Illinois Central Railroad Co. bonds,
Lehigh Valley Railway Co. bonds, .
Lynn & Boston R'y Co. bonds, .
Minneapolis & St. Louis R.R. Co. bonds, .
Norfolk & Western R.R. Co. bonds,
North Chicago Street R.R. Co. bonds,
N. Y. Central & Hudson River R.R. Co. bonds
N. Y., Lack. & Western R.R. Co. bonds, .
N. Y., N. H. & H. R.R. Co. debenture c'tfs,
Penn. & N. Y. Canal & R R. Co. bonds, .
Port Reading R.R. Co. bonds, .
Southern Pacific R.R. Co. bonds,
St. Louis & San Francisco R.R. Co. bonds,
St. Louis Southern R.R. Co. bonds, .
Toledo & Ohio Central R.R. Co. bonds, .
Waterbury, Conn., Traction Co. bonds, .
W. Chicago Street R.R. Co. bonds, .
West Chicago Street R.R. Tunnel Co. bonds,
Adams Express Co. bonds,
Brooklyn Wharf & Warehouse Co. bonds,
Chicago Edison Co. bonds,
Hartford Electric Light Co. bonds, .
Minneapolis Gas Light Co. bonds, .
People's Gas Light & Coke Co., Chic, bonds,
Northwestern Telegraph Co. bonds,
Western Union Telegraph Co. bonds,
Central Safety Deposit Co., Chic, bonds,
Traders' Safe & Trust Co., Chic, bonds, .
150 shares Bald Eagle Val. R R. Co.,
394 " Chic , Burl. & Q. R.R. Co., .
150 " Chic. & Nortw'n R.R. Co.,
242 " Chic, Rock I. & Pac R.R. Co.,
172 " N. Y Cent. & Hud. R. R.R. Co.,
300 " Pitts., Ft. Wayne & Chic R.R. Co.,
200 " Empire & B. S. Telegraph Co.,
600 " Northwestern Telegraph Co.,
167 " First National Bank, Minn., .
100 " Imp. & Traders' Nat'l B'k, N. Y.,
11 " Second Nat'l Bank, New Haven,
100 " iEtna National B'k, Hart., Conn.,
93 " Charter Oak N'l B'k, Hart., Conn.,
125 " Far. & Mech. N'l B'k, Hart., Conn.,
Par Value.
$20,000 00
10,000 00
25,000 00
3,500 00
50,000 00
40,000 00
25,000 00
25,000 00
10,000 00
50,000 00
25,000 00
10,000 00
25,000 00
40,000 00
86,500 00
25,000 00
10,000 00
40,000 00
25,000 00
15,000 00
15,000 00
' 10,000 00
10,000 00
10,000 00
25,000 00
75,000 00
25,000 00
10,000 00
25,000 00
25,000 00
15,000 00
25,000 00
15,000 00
10,000 00
7,500 00
39,400 00
15,000 00
24,200 00
17,200 00
30,000 00
20,000 00
30,000 00
16,700 00
10,000 00
1,100 00
10,000 00
9,300 00
12,500 00
Market Value.
|20,600 00
12,500 00
27,500 00'
3,325 00
55,000 00
44,000 00
25,000 00
27,000 00
11,000 00
48,000 00
23,750 00
10,500 00
27,000 00
42,000 00
146,080 00
27,000 00
10,500 00
42,000 00
25,000 00
15,750 00
16,200 00
10,200 00
10,500 00
10,100 00
26,000 00
52,500 00
27,000 00
10,200 00
25,750 00
26,250 00
16,200 00
26,500 00
15,000 00
10,000 00
14,625 00
55,160 00
24,750 00
28,556 00
24,080 00
55,500 00
15,600 00
36,000 00
18,370 00
51,000 00
1,925 00
18,000 00
8,370 00
15,000 00
174
CONNECTICUT FIRE INSURANCE CO.
185 shares First Nat'l Bank, Hart., Conn.,
300 " Hartford Nat'l B'k, Hart., Conn., .
412 " Nat'l Exch. Bank, Hart., Conn., .
150 " Phoenix Nat'l B'k, Hart., Conn., .
45 " Conn. Tr. & S. D. Co., IJart., Conn.,
Par Value.
318,500 00
30,000 00
20,000 00
15,000 00
4,500 00
Market Value.
822,200 00
40,500 00
25,956 00
18,000 00
8,325 00
$1,935,500 00 $2,199,062 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$211,200 00
1,173,650 00
2,199,062 00
443 04
278,135 72
323,059 40
$4,185,550 16
168,490 00
Balance, $4,017,060 16
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
State and local taxes,
Commissions and brokerage, .
Return premiums, ....
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$59,391 49
127,987 63
18,046 13
$205,425 25
16,168 05
$189,257 20
1,798,363 50
10,134 54
91,351 90
18,272 64
14,951 30
28,406 35
82,150,737 43
76,784 00
2,073,953 43
Surplus as regards policy holders, $1,943,106 73
Paid-up capital, 1,000,000 00
Surplus over capital, $943,106 73
* Value of lands mortgaged. $1,733,225 00
Value of buildings thereon 1,731.3-25 00
Amount of insurance held as collateral, . . . 1,213, 7-0 00
CONNECTICUT FIRE INSURANCE CO.
175
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from all other sources,
$258,418 64
2,399,742 80
$2,658,161 44
323,059 40
$2,335,102 04
279,463 50
>,055,638 54
53,410 55
96,768 14
3,882 35
Gross cash income, $2,209,729 58
Expenditures.
Cash paid for fire losses, $1,209,572 96
Deduct salvage and reinsurance, . . . 57,531 12
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$1,152,041 84
100,000 00
386,553 75
169,084 07
73,733 60
157,040 62
. $2,038,453 88
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$276,696,254 00 $3,226,884 41
206,600,395 00 2,399,742 80
Total, . . . ■ .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$483,296,649 00 $5,626,627 21
171,896,612 00 2,022,715 87
$311,400,037 00 $3,603,911 34
14,547,330 00 183,795 79
$296,852,707 00 $3,420,115 55
Miscellaneous.
Premiums received from reorganization of company,
Losses paid from reorganization of company,
Fire losses incurred during the year, ....
Cash dividends declared from reorganization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$29,134,045 00
16,483,904 00
1,142,198 00
3,505,000 00
100,000 00
28,9.00 00
176
CONTINENTAL INSURANCE CO.
" CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated November, 1852. Commenced business January, 1853.]
Paid-up Capital, $1,000,000.
F. C. MOORE, President. EDWARD LANNING, Secretary.
Detailed Statement of Stocks
United States bonds, ....
New York City bonds, ....
Chicago, Milwaukee & St. Paul bonds, .
Chicago & Northwestern sinking fund bonds
Chic, St. Paul, Minn. & Omaha R'y bonds,
Chicago & Alton Railway Co. bonds,
Columbia & Greenville R.R. bonds, .
Elmira, Cortland & Northern R.R. bonds,
Erie Railway Co. bonds, ....
Georgia State bonds, ....
Indiana, Bloomington & Western R.R. bonds,
Kentucky Central Railway Co. bonds,
Louisville & Nashville R.R. bonds, .
Metropolitan Street Railway Co. bonds, ,
Midland R.R. Co. of New Jersey bonds, .
New Mexico bonds,
N. Y. Gas & Elec. L., H. & P. Co. bonds,
N. Y., New Haven & Hart. R.R. bonds, .
Panama Railroad Co. bonds, .
Portland, Ore., water bonds,
Richmond & Danville R.R. Co. bonds,
Richmond, Va., bonds, ....
Western Union Telegraph Co. bonds,
250 shares American Exchange Nat'l Bank
50
1,200
250
350
100
200
100
1,000
17,916
1,000
2,000
2,500 '
1,000
155 '
1,000. '
Bank of America,
Mechanics 1 National Bank,.
Mercantile National Bank, .
Merchants' National Bank,
Nassau Bank,
Central Trust Co.,
Albany & Sus. R.R. Co., .
Atlanta & Charlotte Air L'e R.R.
Brooklyn City R.R. Co., .
Chic. & Eastern 111. R.R. Co.,
Chic, Mil. & St. Paul R'y, .
Chicago & Northwestern R'y,
Chic, St. P., M. & Oma. R'y Co.
Chicago & Alton Railway Co.,
CI., C, Ch. & St. L. R'y Co.,
and Bonds.
Par Value.
$550,000 00
375,000 00
50,000 00
41,000 00
100,000 00
35,000 00
50,000 00
50,000 00
100,000 00
25,000 00
135,000 00
50,000 00
50,000 00
100,000 00
50,000 00
10,000 00
100,000 00
20,000 00
90,000 00
50,000 00
50,000 00
50,000 00
150,000 00
25,000 00
5,000 00
30,000 00
25,000 00
17,500 00
5,000 00
20,000 00
10,000 00
100,000 00
179,160 00
100,000 00
200,000 00
250,000 00
100,000 00
15,500 00
100,000 00
Market Value.
$605,000 00
375,000 00
50,000 00
43,050 00
110,000 00
27,000 00
50,000 00
50,000 00
120,000 00
25,000 00
135,000 00
42,500 00
50,000 00
100,000 00
50,000 00
10,000 00
90,000 00
30,000 00
90,000 00
50,000 00
50,000 00
50,000 00
150,000 00
43,750 00
20,000 00
52,500 00
43,750 00
26,250 00
7,500 00
200,000 00
17,500 00
120,000 00
403,110 00
110,000 00
320,000 00
475,000 00
160,000 00
10,075 00
100,000 00
CONTINENTAL INSURANCE CO.
177
200 shares Delaware & Hudson Canal Co.,
2,500 " Great Northern Railway Co.,
1,900 " Lake Shore & M. South. R'y Co.,
200 " Mahoning Coal R.R. Co.,
500 " N. Y., Chic. & St. L. R.R. Co.,
4,408 " N. Y. & Harlem R.R. Co., .
1,000 " N. Y , N. Hav. & Hart. R.R. Co.
2,500 " Northern Pacific Railway Co.,
5,000 " Pennsylvania R.R. Co.,
5,000 " Pitts., McKees. & Youg. R.R. Co.
725 " Pitts., Ft. W. & Chic. R'y Co.,
800 " Pitts., Cin., Chic. & St. L. R'y Co.
1,000 " Rome, Watert'n & Og. R.R. Co.
500 " Second Avenue R.R. Co.,
2,000 " United N. J. R.R. & Canal Co.,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens f)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the oflice of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Rents due and accrued, ....
Prem's more than three mos. due, $344,692 23
Gross assets,:}:
Deduct special deposits in other States, .
Par Value.
$20,000 00
250,000 00
190,000 00
10,000 00
50,000 00
220,400 00
100,000 00
250,000 00
250,000 00
250,000 00
72,500 00
80,000 00
100,000 00
50,000 00
200,000 00
Market Value.
$20,000 00
412,500 00
380,000 00
18,000 00
50,000 00
837,520 00
200,000 00
187,500 00
312,500 00
300,000 00
126,875 00
64,000 00
120,000 00
95,000 00
500,000 00
Balance,
$5,556,060 00 $8,085,880 00
31, 1900.*
$1,106,250 00
60,210 00
819 28
8,085,880 00
2,304 01
636,109 82
67,421 78
588,149 88
89,512 70
1,614 00
-$10,638,271 47
120,000 00
$10,518,271 47
Liabilities.
Losses claimed and reported,
Losses disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
$349,335 64
40,815 00
$390,150 64
18,483 89
$371,666 75
* The company holds also instalment premium notes to the amount of SI, 492,695. 14, which
do not enter into or form any part of the assets of the company, as no portion of them is
earned. Whatever value is attached to them would necessarily be counterbalanced by the
addition of an amount exactly equal to the insurance liability, the entire sum consisting of
"unearned premiums."
t Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral, .
$66,150 00
, 78,500 00
83,600 00
X Including $600,000 special reserve fund held under New York laws.
178
CONTINENTAL INSURANCE CO.
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Reserved for contingencies,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
1,272,117 52
28,480 00
6,089 34
15,000 00
130,828 56
13,550 00
864 05
300,000 00
),138,596 22
78,984 96
$5,059,611 26
. $5,458,660 21
. 1,000,000 00
$4,458,660 21
Income
Fire premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
other
8991,814 11
344,692 23
$647,121 88
4,960,236 11
$5,607,357 99
677,662 58
$4,929,695 41
635,164 43
sources,
$4,294,530 98
3,769 14
347,118 95
22,201 29
$4,667,620 36
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for redemption of scrip,
Interest paid scrip holders,
Cash paid for commissions and brokerage,
for salaries of ofiicers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$2,357,305
137,005
30
99
$2,220,299 31
250,000 00
21 00
90
888,650 39
317,278 20
131,856 71
236,816 07
$4,044,922 58
THE DELAWARE INSURANCE CO.
179
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums,
Premiums.
$845,888,939 00 $7,815,812 37
600,640,582 00 4,960,236 11
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$1,446,529,521 00$ 12,776,048 48
544,069,152 00 4,304,904 68
$902,460,369 00 $8,471,143 80
21,351,398 00 233,825 51
$881,108,971 00 $8,237,318 29
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, .
$80,827,890 00
44,332,070 00
2,267,563 00
6,644,357 00
250,000 00
170,200 00
"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.]
Paid-up Capital, $702,875.
TATTNALL PAULDING, President. HENRY LYLBURN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Tennessee State bonds, $31,300 00 $29,735 00
Georgia State bonds, 25,000 00 26,750 00
Richmond, Va., city bonds, .... 37,000 00 39,590 00
Newark, N. J., city bonds, .... 75,000 00 78,560 50
Camden, N. J., city bonds, .... 30,000 00 32,400 00
Springfield, 111., city bonds, .... 25,000 00 25,750 00
Allentown Terminal R.R. bonds, . . . 50,000 00 50,000 00
Lehigh Valley R.R. bonds, .... 125,000 00 129,000 00
Penn. & N. Y. Canal and R.R. Co. bonds, . 50,000 00 47,500 00
Delano Land Co. bonds, 30,000 00 30,900 00
Mortgage Trust Co., Penn., bonds, . . . 15,000 00 12,000 00
Wilmington & Northern R.R. bonds, . . 25,000 00 26,750 00
Brooklyn Wharf & Warehouse Co. bonds, . 20,000 00 14,000 00
St. Louis Merchants' Bridge Term. Co. bonds, 25,000 00 27,750 00
Philadelphia, Wil. & Bait. R.R. certificates, . 30,000 00 33,000 00
Pitts., Youngstown & Ashtabula R.R. bonds, . 40,000 00 48,000 00
180
THE DELAWARE INSURANCE CO.
People's Passenger Railway Co. bonds, .
Pittsburgh, Shenango & Lake Erie R.R. bonds,
United Traction Co. (Pittsburgh) bonds,
Lynn & Boston R.R. Co. bonds,
Allegheny Valley R.R. Co. bonds, .
Johnson Steel Co. bonds, ....
Westinghouse Electric & Mfg. Co. bonds,
Pennsylvania R.R. stock, ....
Philadelphia Bourse stock,
Underwriters' Salvage Co. of N. Y. stock,
Par Value.
$30,000 00
25,000 00
20,000 00
20,000 00
50,000 00
17,000 00
20,000 00
27,500 00
1,375 00
500 00
Market Value.
£32,700 00
29,000 00
23,000 00
22,500 00
54,500 00
17,850 00
21,000 00
40,700 00
210 00
500 00
$844,675 00 $893,645 50
Securities held as collateral for cash loans : —
Chicago Passenger R'y Co. bonds, .
450 shares Chicago Union Traction Co., .
200 " Northwestern Elevated R.R. Co., .
Market Value. Loaned Thereon.
133,600 00 $25,000 00
22,050 00
13,150 00
25,000 00
$68,800 00 150,000 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Deduct special deposits in other States, .
Balance,
$168,333 42
128,700 00
1,818 34
893,645 50
50,000 00
469 48
157,197 66
161,036 82
639 23
$1,561,840 45
51,340 00
81,510,500 45
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$1,296 52
73,404 48
1,875 00
$76,576 00
12,909 00
$63,667 00
* Value of lands mortgaged, $213,000 00
Value of buildings thereon 108,000 00
Amount of insurance held as collateral 96,000 00
THE DELAWARE LNSURANCE CO.
181
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders,
Paid-up capital, ....
§526,880 80
108,924 50
77 00
20,000 00
36,149 96
9,227 70
$764,926 96
4,760 00
Surplus over capital, .
$760,166 96
|750,333 49
702,875 00
$47,458 49
Income.
Fire premiums outstanding Dec. 31, 1899, . $176,853 01
Premiums on risks written or renewed, . . 1,084,959 73
Total, ........ $1,261,812 74
Premiums now in course of collection, . . 161,036 82
Entire premiums collected, .... $1,100,775 92
Less reinsurance and return premiums, . . 408,745 44
Net cash fire premiums received, . . .
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Income from premiums on perpetual fire policies, .
Miscellaneous, .... ...
Deposits received for perpetual fire risks, . $13,939 18
Gross cash income,
$692,030 48
4,529 16
46,622 17
1,147 74
9,878 98
1,112 56
$755,321 09
Expenditures.
Cash paid for fire losses, • . . . . $534,848 15
Deduct salvage and reinsurance, . . . 60,293 63
Net cash paid for fire losses, ....
Cash dividends paid, . . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks, . $4,595 81
$474,554 52
42,192 50
146,882 44
72,702 30
29,505 84
63,238 97
Gross cash expenditures,
$829,076 57
182
THE DETROIT FIRE AND MARINE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (notincl'd above),
$115,990,258 00
. 94,592,824 00
$210,583,082 00
. 79,401,168 00
$131,181,914 00
. 24,345,868 00
$106,836,046 00
. $4,255,958 00
Premiums.
$1,302,101 72
1,084,959 73
$2,387,061 45
996,247 70
$1,390,813 75
366,254 54
$1,024,559 21
$121,027 22
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$33,978,543 00
20,274,564 00
475,732 00
2,739,935 00
42,173 00
62,575 00
"THE DETROIT FIRE AND MARINE INSURANCE COMPANY,"
DETROIT, MICH.
[Incorporated Feb. 1, 1866. Commenced business March 14, 1866.]
Paid-up Capital, $500,000.
WILLIAM A. MOORE, President. A. H. McDONELL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 $105,000 00
School District, Springwells, Mich., bonds, . 6,000 00 6,000 00
|106,000 00 $111,000 00
Securities held as collateral for cash loans : —
Market Value. Loaned Thereon.
Mortgage assigned, ^2,000 00 $800 00
People's Savings Bank stock, .... 2,500 00 2,700 00
$4,500 00 $3,500 00
Excess of loan, - 200 00
$3,300 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $309,241 61
Loans on mortgage of real estate (first liens *), 797,846 88
* Value of lands mortgaged $1,061,443 00
Value of buildings thereon 953,060 00
Amount of insurance held as collateral, . . . 605.S33 00
THE DETROIT FIRE AND MARINE INSURANCE CO.
183
Interest due or accrued thereon, . . . $20,886 25
Stocks and bonds, as per schedule, . . . 111,000 00
Loans on collateral security, as per schedule, . 3,300 00
Cash in the office of the company, . . . 6,146 42
Cash deposited in bank, 61,468 96
Interest due and accrued, 1,453 30
Premiums in course of collection (gross), . 42,833 38
Advances on losses and claims on vessels and
cargoes, 1,462 03
Prem's more than three mos. due, $2,839 37
Gross assets,
$1,355,638 83
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums, ....
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$20,099 96
2,300 00
177,065 08
6,452 13
3,510 56
889 70"
210,317 43
. $1,145,321 40
500,000 00
$645,321 40
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Profit on sale of real estate and securities,
Gross cash income, ....
$35,117 95
251,472 03
$286,589 98
44,067 44
$242,522 54
48,638 53
$1,433 39
75,597 54
$77,030 93
4,213 74
$72,817 19
11,471 00
sources,
$193,884 01
61,346 19
59,594 23
13,999 35
6,099 84
3,687 74
$338,611 36
184
THE DETROIT FIRE AND MARINE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Depreciation of and loss on sale of real estate,
Gross cash expenditures, ....
$125,040 83
18,933 72
$26,325 97
2,224 76
$106,107 11
24,101 21
50,000 00
31,269 27
22,479 94
17,712 74
19,779 10
24,580 95
$296,030 32
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired aud terminated,
In force at end of year, .
.$27,729,671 00
. 25,537,316 00
Premiums.
8274,814 98
251,472 03
$53,266,987 00 $526,287 01
22,052,854 00 216,817 35
$31,214,133 00 $309,469 66
2,608,528 00 27,085 21
$28,605,605 00 $282,384 45
$319,887 00 $17,481 06
7,130,334 00 75,597 54
$7,450,221 00
6,826,696 00
$93,078 60
55,993 87
$623,525 00 $37,084 73
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$7,547,875 00
3,870,303 00
99,372 00
27,431 00
1,016,000 00
50,000 00
108,800 00
DUTCHESS INSURANCE CO.
185
" DUTCHESS INSURANCE COMPANY," POUGHKEEPSIE, N. Y.
[Incorporated April 12, 1836. Commenced business April 12, 1836.]
Paid-up Capital, $200,000.
L. H. VAIL, President. J. J. GRAHAM, Secretary.
Detailed Statement of Stocks
New York City bonds, ....
Buffalo city bonds,
Poughkeepsie city bonds, ....
Long Island city bonds, ....
Poughkeepsie Elec. Light & Power Co. bonds
Chic. Gas Light & Coke Co. bonds, .
Southern Pacific Co. bonds,
Louisville & Nashville R.R. Co. bonds, .
Kanawha & Michigan R'y Co. bonds,
Iowa Central R'y Co. bonds,
Leavenw'h Ter. R'y & Bridge Co. bonds,
Chic, Mil. & St. Paul R'y Co. bonds,
Central of Georgia R'y Co. bonds, .
Brooklyn Union Gas Co. bonds,
United Traction & Electric Co. bonds,
Missouri, Kan. & Texas R'y Co. bonds, .
St. Louis & San Francisco R.R. Co. bonds,
Lake Erie & Western R.R. Co. bonds,
Chic. & Eastern Illinois R.R. Co. bonds, .
Read. Co. & Phil. & Read. C'l & I'n Co. bonds
St. Louis, Iron Mt. & Southern R'y bonds,
25 shares N. Y., Lack. & Western R'y, .
100 '
330 '
10 '
5 '
25 '
10 '
60 '
100 '
100 '
200 '
American Telegraph & Cable Co.,
N. Y. Cent. & Hudson Riv. R.R.,
Mer'ts' Nat'l B'k, Poughkeepsie,
Fallkill Nat'l B'k, Poughkeepsie,
Ninth Nat'l B'k, N. Y. City, .
City Nat'l Bank, Poughkeepsie,
Far. & M'f't's N'l B'k, Pough.,
Chic. & Northwestern R'y Co.,
Union Pacific R.R. Co , .
Consolidated Gas Co.,
and Bonds.
Par Value.
$58,000 00
20,000 00
55,000 00
5,000 00
10,000 00
10,000 00
10,000 00
3,000 00
5,000 00
10,000 00
5,000 00
1,000 00
12,000 00
5,000 00
5,000 00
2,000 00
3,000 00
10,000 00
10,000 00
10,000 00
10,000 00
2,500 00
10,000 00
33,000 00
1,000 00
500 00
2,500 00
1,000 00
6,000 00
10,000 00
10,000 00
20,000 00
Market Value.
$63,540 00
21,400 00
55,000 00
5,800 00
10,600 00
11,000 00
8,400 00
3,570 00
4,650 00
11,500 00
5,300 00
1,200 00
12,000 00
5,850 00
5,700 00
1,960 00
2,775 00
12,000 00
11,600 00
9,400 00
11,400 00
3,375 00
9,500 00
47,685 00
1,500 00
700 00
2,250 00
1,120 00
9,900 00
17,150 00
8,450 00
39,100 00
Securities held as collateral for cash loans
Real estate mortgage assigned,
$355,500 00 $415,375 00
Market Value. Loaned Thereon.
$10,000 00 $444 00
186
DUTCHESS INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, $326 25
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus oyer capital,
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$21,100 00
62,055 00
1,124 11
415,375 00
444 00
2,G1U 26
20,823 52
2,471 75
29,643 97
751 00
244 66
$ 2,650 00
17,282 00
3,200 00
§23,132 00
2,328 08
$20,803 92
233,279 56
7,410 99
483 66
3,208 60
$23,752 79
43 17
823,709 62
299,984 61
$323,694 23
29,927 05
$293,767 18
46,014 26
$562,643 27
265,186 73
$297,456 54
200,000 00
$97,456 54
$247,752 92
* Value of lands mortgaged, . • .
Value of buildings thereon, .
Amount of insurance held as collateral,
$66,750 00
72,000 00
5-2,350 00
EMPIRE CITY FIRE INSURANCE CO.
187
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
$3,708 88
9,589 35
153 30
Gross cash income, $261,204 45
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$191,555 02
12,591 11
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $43,329,274 00
. 29,776,287 00
.$73,105,561 00
. 25,908,410 00
.$47,197,151 00
. 1,421,143 00
$178,963 91
55,376 50
19,374 06
6,247 34
10,947 35
$270,909 16
Premiums.
$418,196 02
299,984 61
$718,180 63
245,424 88
$472,755 75
15,702 70
. $45,776,008 00 $457,053 05
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$5,071,552 00
3,432,124 00
178,398 00
73,100 00
"EMPIRE CITY FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated October, 1850. Commenced business October 5, 1850.]
Paid-up Capital, $200,000.
LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $200,000 00
New York city bonds, 40,000 00
Lake Shore & Michigan Southern R'y bonds, . 10,000 00
American Exchange National Bank stock, . 5,000 00
Underwriters' Salvage Co. stock, . . . 500 00
Market Value.
$214,000 00
40,400 00
11,000 00
9,750 00
$255,500 00 $275,150 00
188
EMPIRE CITY FIRE INSURANCE CO.
Summary of Assets Dec. 81, 1900.
Loans on mortgage of real estate (first liens *),
Interest due thereon, ....
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$5,500 00
137 50
275,150 00
303 24
38,965 13
716 25
2,474 21
$10,306 00
91,326 68
371 13
13 50
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899, . $3,204 98
Premiums on risks written or renewed, . . 196,362 43
Total, $199,567 41
Premiums now in course of collection, . . 2,474 21
Entire premiums collected, .... $197,093 20
Less reinsurance and return premiums, . . 28,748 35
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from all other sources,
$323,246 33
102,017 31
$221,229 02
200,000 00
$21,229 02
$168,344 85
275 00
8,715 18
124 74
Gross cash income,
Expenditures.
Cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Loss on sale of bonds,
$177,459 77
$107,484 63
12,000 00
54,988 69
11,070 00
1,204 06
6,784 20
6,000 00
Gross cash expenditures,
$199,531 58
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$10,000 00
5,000 00
5,000 00
ENTERPRISE MUTUAL FIRE INSURANCE CO.
189
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
. $13,630,970 00 $ 124,297 02
. 18,878,715 00 196,362 43
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $32,509,685 00 $320,659 45
. 16,882,791 00 153,222 50
.$15,626,894 00 $167,436 95
37,875 00 154 22
.$15,589,019 00 $167,282 73
Miscellaneous.
Premiums received from organization of company, . . $3,798,393 00
Losses paid from organization of company, . . . . 1,781,749 00
Fire losses incurred during the year, 102,288 00
Cash dividends declared from organization of company, . 927,000 00
Dividends declared during the year (6 per cent.), . . . 12,000 00
Company's stock owned by directors, 45,300 00
"ENTERPRISE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated June 2, 1874. Commenced business July 14, 1874.]
THOMAS J. BORDEN, President. THEODORE P. BOGERT, Secretary.
Detailed Statement of
United States bonds, ....
Rhode Island State bonds,
Providence city bonds,
Boston city bonds, ....
117 shares Providence & Worcester R.R.
127 " Old Colony R.R., .
63 " N. Y., N. H. & Hart. R.R.,
100 " Morris & Essex R.R., .
Town of Barrington notes,
Stocks, Bonds, etc.
Par Value.
$25,000 00
48,000 00
15,000 00
20,000 00
11,700 00
12,700 00
6,300 00
5,000 0.0
7,000 00
Market Value.
$34,500 00
48,720 00
17,550 00
21,500 00
35,100 00
25,781 00
13,293 00
9,400 00
7,000 00
$150,700 00 $212,844 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, . . . $212,844 00
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, .....
11,685 93
1,904 92
1,837 88
$228,272 73
190
ENTERPRISE MUTUAL FIRE INSURANCE CO.
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
$ 80,880 11
3,076 49
$83,956 60
Net cash assets, $144,316 13
Income.
Premiums outstanding Dec. 31, 1899, . . $1,797 31
Premiums on risks written or renewed, . . 170,465 78
Total, $172,263 09
Premiums now in course of collection, . . 1,837 88
Entire premiums collected, .... $ 170,425 21
Less reinsurance and return premiums, . . 7,526 94
Net cash premiums received, .
Interest and dividends received from all sources, .
Gross cash income, .
$162,898 27
7,063 36
$169,961 63
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures,
$14,084 01
139,838 53
4,329 30
3,345 48
3,804 05
£165,401 37
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, § 18,343,492 00 $154,940 57 $774,702 85
Risks written during 1900, . 21,323,156 00 171,340 48 856,702 40
Total,
. f39,666,648 00 $326,281 05 $1,631,405 25
Risks terminated during 1900, . 19,772,870 00 164,520 84 822,604 20
In force at end of year, . .$19,893,778 00 $161,760 21 $808,801 05
Miscellaneous.
Losses incurred during the year, $14,084 00
Average profits or surplus returned during 1900, 89.67 per cent.
EQUITABLE FIRE AND MARINE INSURANCE CO.
191
"EQUITABLE FIRE AND MARINE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May, 1859. Commenced business September, I860.]
Paid-up Capital, $400,000.
FRED. W. ARNOLD, President. JAMES E. TILLINGHAST, Secretary.
Detailed Statement of Stocks
United States bonds, .
City of Boston bonds,
N. Y. Cent. & Hudson River R.R. bonds,
Lehigh Valley Ter. R.R. Co. bonds,
Milwaukee City R.R. bonds,
Bridgeport Traction Co. bonds,
United Traction & Electric Co. bonds,
Chic, Burl. & Quincy R.R. bonds, .
Lynn & Boston R.R. Co. bonds,
Columbus, Ohio, St. R.R. Co. bonds,
Milwaukee Elec. R'y & Light Co. bonds,
Pawtucket Electric Co. bonds, .
Western Gas Co. bonds, .
Metro. Water Works Co. (Kan. City) bonds,
Rhode Island & Suburban R'y Co. bonds,
Grand Rapids Gas Light Co. bonds,
500 shares Old National Bank, Providence,
290
200
100
100
500
230
200
110
132
50
50
N'l B'k of Commerce, Providence,
American Nat'l Bank, Providence,
Fourth National Bank, Providence
First National Bank, Warren,
Providence Gas Co.,
N. Y. Cent. & Hudson R. R.R. Co.
Illinois Central R.R. Co.,
Chic, Rock Isl. & Pacific R.R. Co.
Chicago, Burl. & Quincy R.R. Co.,
Rhode Island & Mass. R.R. Co.,
Wells, Fargo & Co.,
Securities held as collateral for cash loans : —
700 shares United Traction & Electric Co.,
and Bonds.
Par Value.
$60,000 00
25,000 00
12,000 00
10,000 00
5,000 00
5,000 00
5,000 00
3,000 00
5,000 00
5,000 00
20,000 00
10,000 00
10,000 00
7,000 00
10,000 00
5,000 00
50,000 00
14,500 00
10,000 00
10,000 00
10,000 00
25,000 00
23,000 00
20,000 00
11,000 00
13,200 00
5,000 00
5,000 00
Market Value.
169,300 00
28,000 00
11,760 00
11,300 00
5,320 00
5,500 00
5,758 00
3,212 50
5,645 00
5,625 00
21,900 00
10,940 00
10,733 00
4,200 00
9,700 00
5,254 00
46,500 00
14,500 00
9,300 00
11,800 00
8,700 00
49,250 00
33,522 50
26,400 00
13,310 00
18,810 00
5,600 00
7,000 00
|393,700 00 1458,810 00
Market Value. Loaned Thereon.
$77,000 00 $50,000 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $125,000 00
Loans on mortgage of real estate (first liens *), 145,950 00
Stocks and bonds, as per schedule, . . . 458,840 00
* Value of lands mortgaged, $158,450 00
Value of buildings thereon 254,000 00
Amount of insurance held as collateral, .... 212,350 00
192
EQUITABLE FIRE AND MARINE INSURANCE CO.
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Rents due and accrued, ....
Prem's more than three mos. due, $508 02
Gross assets,*
$50,000 00
269 95
49,965 37
86,829 11
363 75
1,285 00
?9 18,503 18
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . .
Surplus over capital,
?9,608 38
29,083 62
3,043 00
334,707 29
1,500 00
2,000 00
7,710 10
3,000 00
3,058 55
393,710 94
$524,792 24
400,000 00
6124,792 24
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total, '
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
£70,677 63
562,757 07
$633,434 70
84,970 57
$548,464 13
85,856 80
?113 22
8,957 08
f 9,070 30
1,858 54
$7,211 76
426 12
sources,
$462,607 33
6,785 64
7,683 61
21,134 25
6,188 00
$504,398 83
* Including $70,000 special reserve held under Rhode Island laws.
EQUITABLE FIRE AND MARINE INSURANCE CO.
193
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals,
$294,704 67
15,018 32
$9,527 88
5,322 00
$279,686 35
4,205 88
28,000 00
94,359 99
36,964 30
16,256 23
5,084 56
29,459 54
Gross cash expenditures, §494,016 85
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . .$48,116,709 00 $518,198 52
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
49,689,746 00 562,757 07
$97,806,455 00 $1,080,955 59
38,363,502 00 421,053 04
$59,442,953 00 $659,902 55
2,767,990 00 29,992 45
,674,963 00 $629,910 10
$ 10,583 00
608,007 00
$618,590 00
511,897 00
$395 41
8,957 08
&9,352 49
3,487 71
$106,693 00 $5,864 78
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (7 per cent.), .
Company's stock owned by directors, ....
$6,972,485 00
4,321,134 00
289,383 00
2,766 00
669,500 00
28,000 00
89,750 00
194
THE ERIE FIRE INSURANCE CO.
"THE ERIE FIRE INSURANCE COMPANY," BUFFALO, N. Y.
[Information concerning this company may be found by consulting the Index. Its
statement was undergoing verification by the New York department when this point was
reached in printing this report.]
"THE FARMERS 1 FIRE INSURANCE COMPANY," YORK, PA.
[Incorporated April 6, 1853. Commenced business May 16, 1853.]
WM. H. MILLER, President. E. K. McCONKEY, Secretary.
Detailed Statement of Stocks
N. C. Railway bonds, ....
Pennsylvania R.R. bonds, ....
Philadelphia & Erie R.R. bonds,
Shamokin, Sunbury & Lewisburg R.R. bonds
Lehigh Valley R.R. bonds,
Potomac Valley R.R. bonds,
Lehigh Valley Coal Co. bonds,
Spring Garden school bonds, .
Central Market House Co. bonds, .
"Western Union Telegraph bonds, .
12 shares Farmers' Nat'l Bank, York, Pa.,
50
90
615
220
2,191
64
York Co. Nat'l Bank, York, Pa.,
First National Bank, York, Pa.,
York National Bank, York, Pa.,
Pennsylvania R.R. Co.,
York Water Co., .
York Gas Co. bonds,
Securities held as collateral for cash loans : —
131 shares First NatU B'k (York, Pa.),
51 " York Water Co., .
30 " York Gas Co., .
20 " York Trust Co.,
286 " York National Bank,
and Bonds.
Par Value.
18,000 00
20,000 00
15,000 00
10,000 00
25,000 00
10,000 00
10,000 00
11,500 00
10,000 00
10,000 00
1,200 00
1,000 00
9,000 00
15,375 00
11,000 00
54,775 00
3,200 00
Market Value.
09,400 00
26,000 00
18,075 00
10,750 00
25,625 00
10,000 00
10,800 00
11,500 00
10,000 00
10,525 00
2,100 00
2,075 00
18,720 00
26,445 00
16,390 00
110,645 50
5,760 00
$225,050 00 $324,810 50
Market Value.
827,248 00
2,652 00
2,700 00
1,500 00
12,298 00
Loaned Thereon.
18,000 00
1,500 00
1,900 00
500 00
9,400 00
846,398 00 $31,300 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $43,200 00
Loans on mortgage of real estate (first liens*), 173,835 00
* Value of lands mortgaged, $243,415 00
Value of buildings thereon 272,710 00
Amount of insurance held as collateral, .... 96,960 00
THE FARMERS' FIRE INSURANCE CO.
195
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $6,359 09
Gross assets,
$4,655 20
324,810 50
31,300 00
256 52
117,697 04
690 77
55,787 05
97 83
$752,329 91
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported,
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
State and local taxes,
Commissions and brokerage,
Bills payable, .
Reinsurance disallowed, .
Gross liabilities, .
Surplus,
$7,054 58
18,967 00
2,350 00
376,344 87
3,811 44
3,500 00
11,157 41
333 64
5,779 52
429,298 46
§323,031 45
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
$58,527 10
613 18
$57,913 92
476,686 59
$534,600 51
62,146 14
$472,454 37
62,281 48
sources,
$95 00
$410,172 89
7,509 31
16,019 48
558 00
1,971 74
$436,231 42
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
$303,484 71
7,191 34
$296,293 37
196
FIRE ASSOCIATION OF PHILADELPHIA.
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Loss on sale of property, ....
Deposits returned on perpetual fire risks,
$197 61
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
. $60,299,089 00
. 39,582,795 00
.$99,881,884 00
. 36,328,682 00
.$63,553,202 00
856,621 00
. $62,696,581 00
. $132,425 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
$87,807 07
52,726 25
15,872 39
2,828 56
700 00
$456,227 64
Premiums.
$710,010 50
476,686 59
11,186,697 09
429,912 81
$756,784 28
11,208 63
$745,575 65
$4,012 04
$9,369,848 00
6,466,418 00
294,297 00
"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated March 27, 1820. Commenced business Sept. 1, 1817-1
Paid-up Capital, $500,000.
E. C. IRVIN, President. BENJAMIN T. HERKNESS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
City of Camden bonds $1,500 00 ^1,687 50
City of Richmond certificates, .... 25,000 00 29,500 00
City of Tacoma water and light bonds, . . 40,000 00 41,200 00
City of Richmond certificates, .... 65,600 00 75,440 00
City of Portland, Ore., new city hall bonds, . 15,000 00 18,150 00
City of Petersburg, Va., bonds, . . . 50,000 00 62,500 00
Atlantic City, N. J., city water works bonds, . 25,000 00 31,250 00
City of Duluth water and light bonds, . . 100,000 00 117,000 00
City of Birmingham, Ala., bonds, . . . 50,000 00 56,400 00
State of Georgia bonds 25,000 00 28,500 00
Lehigh Valley R.R. bonds, .... 132,000 00 164,600 00
Philadelphia & Erie R.R. bonds, . . . 100,000 00 121,000 00
Belt Railroad & Stock Yards bonds, . . 50,000 00 59,500 00
Louisville & Nashville R.R. bonds, . . . 72,000 00 82,680 00
Texas & Pacific R.R. bonds, .... 11,000 00 11,440 00
FIRE ASSOCIATION OF PHILADELPHIA.
197
Camden & Atlantic R.R. bonds,
Pennsylvania R.R. bonds, ....
Cincinnati, Hamilton & Dayton R.R. bonds,
Cincinnati, Dayton & Ironton R.R. bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Northern Pacific R.R. bonds, .
Reading Co. bonds, ....
Ohio River R.R. bonds,
Centralia & Chester R.R. bonds,
Chicago & Erie R.R. bonds,
Lynn & Boston R.R. bonds,
Lehigh Valley Coal Co. bonds,
Port of Portland, Ore., bonds, .
Lehigh Coal & Navigation Co. bonds,
Evansville & Terre Haute R.R. Co. bonds,
Newark Passenger Railway Co. bonds,
Lehigh Valley R.R. Co. bonds,
Terminal Railroad Asso., St. Louis, bonds,
Philadelphia City Passenger R'y Co. bonds,
Cleveland Electric R.R. Co. bonds, .
Lehigh Coal & Navigation Co. bonds,
Toledo Electric Street Railway bonds, .
Central of Georgia Railway Co. bonds, .
United Traction Co. of Pittsburgh bonds,
Colorado Springs Electric Co. bonds,
Fairmount Park Transportation Co. bonds,
Erie R.R. Co. bonds,
Edison Electric Light Co. certificates,
Chicago Edison Co. bonds,
Minneapolis Street Railway Co. bonds, .
Trenton Street Railway Co. bonds, .
Seaboard & Roanoke R.R. Co. bonds,
Wilmington & Chester Traction Co. bonds,
Cleveland, Lorain & Wheeling R.R. Co. bonds
Trenton Gas & Electric Co. bonds, .
N. Y. Gas & Elec. Light, Heat & Power Co. b'ds
Harrisburg Light, Heat & Power Co. bonds,
The People's R.R. Co. of Syracuse bonds,
Western Gas Co. bonds, ....
Fort Pitt Traction Co. bonds, .
Chicago Suburban Water & Light Co. bonds,
Westchester Lighting Co. bonds,
Westinghouse Electric & Manuf. Co. ctfs.,
United Railways certificates, .
Asphalt Co. of America certificates,
Philadelphia Electric certificates,
1,353 shares Pennsylvania R.R. Co.,
331 " Phila., Ger. & Norrist'n R.R. Co.,
70 " Chestnut Hill Railroad Co., .
Par Value.
$30,000 00
50,000 00
20,000 00
25,000 00
25,000 00
34,000 00
50,000 00
25,000 00
50,000 0.0
35,000 00
50,000 00
15,000 00
39,000 00
100,000 00
50,000 00
22,000 00
75,000 00
75,000 00
50,000 00
30,000 00
50,000 00
30,000 00
50,000 00
50,000 00
50,000 00
50,000 00
100,000 00
13,000 00
50,000 00
50,000 00
20,000 00
50,000 00
30,000 00
50,000 00
40,000 00
50,000 00
25,000 00
3,000 00
25,000 00
20,000 00
25,000 00
20,000 00
25,000 00
30,000 00
40,000 00
25,000 00
67,650 00
16,550 00
3,500 00
Market Value.
$33,600 00
55,250 00
22,400 00
28,000 00
27,281 25
36,082 50
47,875 00
28,000 00
15,000 00
42,350 00
57,000 00
16,200 00
47,190 00
127,000 00
54,000 00
26,180 00
81,750 00
86,625 00
55,000 00
32,700 00
51,500 00
32,700 00
49,500 00
57,000 00
50,000 00
52,562 50
101,000 00
14,560 00
53,500 00
54,000 00
21,500 00
55,000 00
31,575 00
55,500 00
41,200 00
47,500 00
26,000 00
3,210 00
26,875 00
23,550 00
25,250 00
20,600 00
25,625 00
25,875 00
25,600 00
25,187 50
100,460 25
51,139 50
4,550 00
198
FIRE ASSOCIATION OF PHILADELPHIA.
35 shares Philadelphia Bourse, .
5 " Underwriters' Salvage Co., .
125 " Centralia & Chester R.R. Co.,
500 " Philadelphia Traction Co., .
100 " United Power & Trans. Co.,
2,000 " Miami Valley Insurance Co.,
250 " Colorado Springs Electric Co.,
102 " Company's own stock, $40,800 00
Par Value.
Market Value.
$1,375 00
75 00
500 00
500 00
12,500 00
-
25,000 00
49,500 00
2,500 00
3,300 00
100,000 00
1,250 00
25,000 00
750 00
$2,837,675 00 $3,028,626 00
Securities held as collateral for cash loans: —
Portland University bonds, ....
Mortgage assigned,
259 shares Merchants 1 National Bank,
114 " Diamond State Iron Company,
75 " United N. J. Railroad & Canal Co.,
Wheeling Railway Co. bonds, ....
Market Value. Loaned Thereon.
112,480 00 $10,000 00
3,000 00 2,875 00
25,900 00 n
11,400 00 > 50,000 00
20,550 00 )
25,000 00 22,265 61
$98,330 00 $85,140 61
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance, $6,182,155 61
$493,600 00
1,506,810 89
42,081 32
3,028,626 00
85,140 61
25,483 59
230,701 90
20,986 08
838,263 53
2,160 21
20,701 48
$6,294,555 61
112,40*
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$170,014 02
144,639 90
40,994 71
$355,648 63
41,458 20
$314,190 43
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$1,651,932 00
2,197,419 00
1,399,095 00
FIRE ASSOCIATION OF PHILADELPHIA.
199
Unearned premiums on outstanding risks, . $2,315,130 44
Reclaimable on perpetual fire policies, . . 1,945,077 48
Commissions and brokerage, .... 166,353 64
Return premiums, 95,971 03
Reinsurance 84,248 70
Reinsurance disallowed, 1,159 59
Gross liabilities, except capital, . . $4,922,131 31
Deduct liability on special deposits, . . 74,920 00
1,847,211 31
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
. $1,334,944 30
500,000 00
$834,944 30
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash tire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Deposits received for perpetual fire risks,
$804,132 38
3,841,841 25
$4,645,973 63
838,263 53
$3,807,710 10
895,042 39
sources,
$2,912,667 71
107,244 70
137,662 65
18,697 93
5,704 60
,136 11
Gross cash income,
. $3,181,977 59
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for repairs on real estate,
for incidentals,
Deposits returned on perpetual fire risks,
$2,086,668 00
243,087 89
es,
$1,843,580 11
200,000 00
658,671 79
237,729 22
112,147 59
9,600 11
127,492 10
$92,876 88
Gross cash expenditures,
. $3,189,220 92
200 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, ....
Perpetual risks in force (notincl'd above),
$388,991,323 00
304,327,744 00
$693,319,067 00
282,637,311 00
§410,681,756 00
25,917,884 00
$384,763,872 00
5,116,071 00
Premiums.
$4,361,622 92
3,753,912 24
$8,115,535 16
3,321,767 20
$4,793,767 96
316,356 14
$4,477,411 82
$2,116,012 61
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (40 per cent.),
Company's stock owned by directors,
$52,862,167 00
29,055,146 00
1,797,231 00
5,979,762 00
200,000 00
31,300 00
"THE FIRE INSURANCE COMPANY OF THE COUNTY OF
PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated May 31, 1832. Commenced business April 19, 1S33.]
Paid-up Capital, $400,000.
CHARLES R. PECK, President. E. A. LAW, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Lehigh Valley R.R. bonds, .... $8,000 00 $10,440 00
Delaware & Bound Brook R.R. Co. bonds, . 24,000 00 28,080 00
Penn. & N. Y. Canal & R.R. bonds, . . . 6,000 00 7,110 00
11 shares Elmira & Williamsport R.R., . . 550 00 550 00
United New Jersey R.R. & Canal Co. bonds, . 20,000 00 20,300 00
Philadelphia & Erie R.R. bonds, . . . 10,000 00 12,100 00
Pennsylvania R.R. bonds, 11,000 00 13,920 00
Belvidere, Delaware, R.R. bonds, . . . 1,000 00 1,040 00
Connecting Railway bonds, .... 3,000 00 3,140 00
264 shares Phil., Ger. & Norrist'n R.R. Co., . 13,200 00 41,184 00
City of Camden bonds, 1,000 00 1,100 00
Pennsylvania R.R. bonds, 6,000 00 6,630 00
150 shares United Companies of N. J., . . 15,000 00 41,100 00
THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 201
205 shares Germantown Passenger R'y Co.,
Pennsylvania Steel Co. bonds, .
100 shares 2d & 3d Sts. Passenger R'y Co.,
Penn. & Northwestern R.R. Co. bonds, .
352 shares Pennsylvania R.R. Co., .
Lehigh Valley R'y bonds,
69 shares The N'l B'k of the N. Liberties, Phil.
Lehigh Valley R.R. bonds,
104 shares North Penn. R.R. Co.,
Philadelphia City Pass. R'y Co. bonds, .
Lombard & South Streets Pass. R'y Co. bonds
20 shares 13th & 15th Sts. Pass. R'y Co., .
Newark Pass. R'y Co. bonds, .
28 shares Bank of North America, Phil., .
10 shares First National Bank of Phil., .
Northern Central R'y Co. bonds,
50 shares Frank. & South. P. C. P. R.R. Co.,
164 shares The Union Traction Co. of Phil.,
Elec. & People's Traction Stock Tr. certs.,
200 shares Philadelphia Traction Co.,
200 shares Philadelphia Securities Co., .
Phil. & Reading Terminal bonds,
Equitable Ilium. Gas Light Co. of Phil, bonds
Pitts., Cin., Chic. & St. Louis R'y Co. bonds,
Catawissa R.R. Co. bonds,
Par Value.
$10,250 00
15,000 00
5,000 00
10,000 00
17,600 00
25,000 00
3,450 00
15,000 00
5,200 00
3,000 00
3,000 00
1,000 00
5,000 00
2,800 00
1,000 00
10,000 00
2,500 00
2,870 00
25,000 00
10,000 00
250 00
10,000 00
15,000 00
20,000 00
4,000 00
Market Value.
$30,750 00
16,350 00
30,300 00
10,000 00
26,136 00
27,250 00
7,874 63
19,125 00
11,128 00
3,180 00
3,000 00
6,200 00
5,950 00
7,126 00
1,700 00
12,200 00
22,800 00
6,068 00
25,250 00
19,800 00
250 00
12,550 00
16,387 50
24,000 00
4,400 00
Securities held as collateral for cash loans : —
21 shares Union Passenger R'y Co., .
$340,670 00 $536,469 13
Market Value. Loaned Thereon.
$4,998 00 $3,200 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Perpetual deposits in other companies, .
Gross assets,
$71,000 00
223,050 00
3,953 59
536,469 13
3,200 00
1,355 11
43,749 22
34 40
43,261 94
161 00
258 60
5,077 00
$931,569 99
* Value of property mortgaged, .
Amount of Insurance held as collateral, .
$429,850 00
175,900 00
202 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA.
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$8,142 26
15,028 00
$23,170 26
6,848 80
$16,321 46
135,379 49
230,038 86
10,815 48
3,745 14
$396,300 43
$535,269 56
400,000 00
$135,269 56
Income.
Fire premiums outstanding Dec % . 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on inortgao-es,
Interest and dividends received from all other
Income from rents, . .
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income,
$33,055 37
296,204 77
$329,260 14
43,261 94
£285,998 20
88,289 45
sources,
$6,286 92
$197,708
9,430
26,749
2,046
436
75
24
71
92
50
$236,372 12
Expenditures.
Cash paid for fire losses, $225,869 95
Deduct salvage and reinsurance, . . . 77,092 41
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks, . $7,884 05
Gross cash expenditures,
$148,777 54
24,000 00
46,478 38
15,576 04
10,241 55
18,304 83
$263,378 34
FIREMAN S FUND INSURANCE CO.
203
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
. $24,555,534 00
. 27,092,756 00
. $51,648,290 00
. 23,116,211 00
. #28,532,079 00
. 4,844,665 00
Net amount in force, $23,687,414 00
Perpetual risks in force (not incl'd above), . $10,466,807 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors,
Premiums.
$258,563 25
296,204 77
$554,768 02
243,518 32
$311,249 70
55,628 31
$255,621 39
$254,023 52
$3,233,873 00
2,087,570 00
149,215 00
756,408 00
24,000 00
133,400 00
"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO,
CAL.
[Incorporated May 3, 1863. Commenced business June 18, 1863.]
Paid-up Capital, $1,000,000.
WM. J. DUTTON, President. LOUIS WEINMANN, Secretanj.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $125,000 00 $173,125 00
Hawaiian gov'ment (assum'd by U.S. gov.) b'ds, 24,000 00 24,000 00
Omnibus Cable R'y Co., San Fran., CaL, b'ds, 125,000 00 160,000 00
Market St. R'y Co., San Francisco, CaL, b'ds, . 108,000 00 132,030 00
Powell St. R'y Co., San Francisco, CaL, bonds, 20,000 00 23,600 00
Sutter St. R'y Co., San Francisco, CaL, bonds, 50,000 00 56,500 00
Presidio & Ferries R.R. Co., San Fran., CaL, b'ds, 50,000 00 50,500 00
San Francisco & San Joaquin Val. R'y Co. b'ds, 46,000 00 55,200 00
San Francisco & North Pacific R'y bonds, .. 10,000 00 11,500 00
Northern Railway of California bonds, . . 40,000 00 45,600 00
Northern California Railway Co. bonds, . . 10,000 00 11,000 00
Southern Pacific of Arizona bonds, . . . 5,000 00 5,675 00
Los Angeles Railway Co. bonds, . . . 14,000 00 15,610 00
Oakland Gas Light & Heat Co. bonds, . . 60,000 00 66,600 00
Stockton Gas & Electric Co. bonds, . . . 32,000 00 32,320 00
Spring Val. Water Works of San Fran, bonds, 39,000 00 44,460 00
Riverside Water Co. bonds, .... 20,000 00 18,000 00
Baker City, Ore., water bonds, .... 17,000 00 17,680 00
Baker City, Ore., school bonds, . . . 15,000 00 15,600 00
204
fireman's FUND INSURANCE CO.
Palo Alto, California, school bonds,
Territory of Arizona funding bonds,
Blaine County, Idaho, bonds, .
American Hawaiian Steamship Co.,N. Y.,b'ds
Sunset Telephone & Telegraph Co. bonds,
Natoma Vineyard Co., California, bonds,
Oahu Sugar Co. of Honolulu, H. I., bonds,
Oceanic Steamship Co., San Fran., Cal., bonds
2,986 shares Home Fire & Marine Ins. Co., Cal.
140 " Bauk of Cal., San Fran., Cal.,
230 " First Nat'l Bank, San Fran., Cal.
166 " Anglo-Cal. B'k, San Fran., Cal.,
340 " Sather Bank'g Co., San Fran., Cal.
100 " Mercantile T. Co., San Fran., Cal.
450 " Oakland B'k of Sav., Oak., Cal.,
50 " Union Nat'l Bank, Oakland, Cal.
250 " San Francisco National Bank,
1,000 " Cal. St. C. R.R. Co., San Fran., Cal
625 " Sutter St. R.R. Co., San Fran., Cal
550 » P. &Fer. R.R. Co., San Fran., Cal
200 " MarketSt.R'yCo.,SanFran.,Cal
550 " Oakland Gas Light & Heat Co.,
500 " San Fran. Gas & Electric Co.,
200 " Pacific G. Imp. Co., San Fran., Cal
786 " Stockton Gas & Electric Co.,
600 " Spring Val. W. W., San Fran , Cal
100 " San Jose Water Co., .
250 " Cal. Shipping Co., San Fran., Cal
656 " San Francisco Dry Dock Co.,
656 " Mission Rock Co., San Fran., Cal
Securities held as collateral for cash loans
18 shares California St. Cable R.R. Co.,
68 " Pacific Gas Improvement Co.,
390 " Bank of Sonoma County,
400 « Sutter Street Railway Co., .
363 " Masonic Hall Association, .
200 " B'k of Sonoma Co., Pet., Cal.,
595 " Masonic Hall Association, .
1,500 " S. F. & North Pacific R'y Co.,
1,011 " Presidio & Ferries R'y Co., .
125 " California Bank of Los Angeles,
20 " Eastern Dynamite Co., .
Southern Pacific of California bonds,
Presidio & Ferries R'y bonds, .
2 shares Market St. Railway Co.,
Honolulu Rapid Transit & Land Co. bonds,
Par Value.
87,500 00
22,000 00
400 00
15,000 00
10,000 00
500 00
20,000 00
2,000 00
298,600 00
14,000 00
23,000 00
8,300 00
5,000 00
22,500 00
5,000 00
25,000 00
100,000 00
62,500 00
30,250 00
20,000 00
38,500 00
50,000 00
20,000 00
23,580 00
60,000 00
10,000 00
25,000 00
65,600 00
Market Value.
$7,650 00
23,540 00
400 00
15,000 00
10,700 00
500 00
20,000 00
2,210 00
600,000 00
57,400 00
71,300 00
12,450 00
5,10u 00
5,600 00
33,750 00
8,250 00
28,750 00
129,500 00
62,500 00
11,000 00
13,950 00
26,950 00
22,750 00
9,200 00
9,825 00
55,950 00
10,000 00
25,000 00
24,600 00
£1,794,230 00 $2,262,825 00
Market Value.
82,331 00
3,128 00
48,750 00
40,000 00
5,445 00
25,000 00
8,925 00
30,000 00
20,220 00
12,500 00
1,700 00
16,500 00
10,100 00
139 50
50,000 00
Loaned Thereon.
83,000 00
34,000 00
24,500 00
4,000 00
15,000 00
6,500 00
J> 54,000 00
100 00
40,000 00
8274,738 50 $181,100 00
fireman's FUND INSURANCE CO.
205
Summary of Assets Dec. 81, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Reinsurance due on losses paid, etc.,
Gross assets,
Deduct special deposits in other States, .
Balance, $3,876,925 76
$563,700 00
280,187 64
6,913 34
2,262,825 00
181,100 00
14,472 07
176,032 43
790 30
460,975 64
50,743 88
14,435 46
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Bills payable and deposits,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$32,093 30
267,363 41
5,825 00
$305,281 71
128,587 49
$176,694 22
1,427,069 68
61,850 61
19,974 60
112,327 11
11,797,916 22
63,557 21
1,012,175 76
135,250 00
1,734,359 01
$2,142,566 75
1,000,000 00
$1,142,566 75
$346,318 92
2,316,597 26
$2,662,916 18
407,498 59
$2,255,417 59
657,924 96
* $1,597,492 63
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$583,500 00
160,000 00
103,500 00
206
FIREMAN S FUND INSURANCE CO.
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
other
$121,457 23
862,050 30
$983,507 53
104,220 93
$879,286 60
556,103 55
sources, .
$323,183 05
32,609 15
117,439 08
27,952 09
$2,098,676 00
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$1,236,900 34
247,948 60
£542,487 50
344,990 65
$988,951 74
197,496 85
120,000 00
257,301 45
236,017 74
68,432 45
191,008 91
?2,059,209 14
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$225,949,659 00
192,755,941 00
$418,705,600 00
167,293,911 00
$251,411,689 00
34,161,293 00
Premiums.
$2,692,293 65
2,316,597 26
$5,008,890 91
1,982,621 48
$3,026,269 43
409,297 15
$217,250,396 00 $2,616,972 28
$12,493,114 00
101,564,872 00
$114,057,986 00
103,524,793 00
$10,533,193 00
6,002,768 00
$308,107 38
862,050 30
$1,170,157 68
831,061 85
$339,095 83
177,915 41
$4,530,425 00 $161,180 42
THE FIREMEN S INSURANCE CO.
207
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
§37,486,783 00
19,709,446 00
999,195 00
192,263 00
3,136,060 00
120,000 00
"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE,"
BALTIMORE, MD.
[Incorporated December, 1825. Commenced business Aug. 2, 1826.]
Paid-up Capital, 8900,000.
F. E. S. WOLFE, President. HARRY L. RIALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 $111,000 00
Virginia State bonds 79,500 00 58,120 00
Baltimore city bonds, 592,000 00 667,386 50
North Carolina State bonds, .... 20,000 00 21,400 00
Jeffersonville, Ind., city bonds, . . . 5,000 00 5,000 00
Indianapolis, Ind., city bonds, .... 20,000 00 21,000 00
Alien County, Ind., bonds, .... 20,000 00 20,800 00
Baltimore City Pass. R'y certificates, . . 2,500 00 2,650 00
Sioux City Ter. R.R. & Wh'se Co. bonds, . 10,000 00 8,000 00
Bait, Catons & El. City R.R. bonds, . . 15,000 00 16,800 00
Atlantic Coast Line bonds, .... 25,000 00 26,000 00
Norfolk & Carolina R.R. bonds, . . . 10,000 00 11,500 00
Georgia Pacific R.R. bonds, .... 8,000 00 10,080 00
Georgia, Carolina & Northern R.R. bonds, . 5,000 00 5,250 00
Bait. & Cumberland Valley R.R. bonds, . . 6,000 00 6,000 00
Richmond & Danville R.R. bonds, . . . 2,000 00 2,000 00
Lexington R'y bonds, 11,000 00 10,780 00
37£ shares Lexington R'y, .... 3,750 00 1,275 00
100 " Merchants' National Bank, . . 10,000 00 18,100 00
810 " National Mechanics' Bank, . . 8,100 00 24,300 00
200 " Far. & Merch. Nat'l Bank, . . 8,000 00 13,800 00
100 " People's Bank, .... 2,000 00 1,800 00
400 " National Marine Bank, . . . 12,000 00 14,800 00
300 " Western National Bank, . . . 6,000 00 12,000 00
150 " Second National Bank, . . . 15,000 00 27,750 00
900 " Citizens' National Bank, . . . 9,000 00 23,850 00
300 " United R'ys & Electric Co., . . 15,000 00 5,250 00
$1,019,850 00 $1,146,691 50
208
THE FIREMEN S INSURANCE CO.
Securities held as collateral for cash loans : —
375 shares Maryland Cas'y Co.,
Personal note,
Market Value.
$20,625 00
6,000 00
Loaned Thereon.
$20,200 00
$26,625 00 $20,200 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Com. due on return prem's and reinsurance,
Gross assets,
Deduct special deposits in other States, .
Balance, $1,473,583 84
$195,000 00
1,146,691 50
20,200 00
5,435 19
46,658 39
16,298 12
60,301 35
1,000 82
6,123 47
$1,497,708 84
24,125 00
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Special reserve fund, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$8,322 43
23,540 55
334,200 76
838 56
10,000 00
13,693 99
24,493 90
16,643 08
- 431,733 27
'. $1,041,850 57
900,000 00
6141,850 57
Income.
Fire premiums outstanding Dec. 31, 1899, . $71,181 11
Premiums on risks written or renewed, . . 785,829 71
Total, $857,010 82
Premiums now in course of collection, . . 60,301 35
Entire premiums collected, .... f 796,709 47
Less reinsurance and return premiums, . . 296,877 26
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from rents, .
Assets acquired from Fidelity by reinsurance, . $121,217 52
Received for increased capital, . . . 400,000 00
$499,832 21
21,348 10
8,834 54
Gross cash income, $530,014 85
firemen's INSURANCE CO.
209
Expenditures.
Cash paid for fire losses, $451,394 19
Deduct salvage and reinsurance, . . . 115,607 56
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Loss on sale and depreciation of assets, .
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$66,417,361 00
. 93,336,062 00
$158,753,423 00
. 56,995,912 00
$101,757,511 00
. 16,045,201 00
$335,786 63
39,629 44
73,076 18
13.752 00
30,105 39
29.753 28
129 34
$522,232 26
Premiums.
$574,859 22
785,829 71
1,360,688 93
521,297 58
$839,391 35
164,950 98
.$85,712,310 00 $674,440 37
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (4^ per cent.),
Company's stock owned by directors,
$,139,212 00
4,707,275 00
344,187 00
3,501,534 00
40,000 00
98,700 00
"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J.,"
NEWARK, N. J.
[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.]
Paid-up Capital, $1,000,000.
DANIEL H. DUNHAM, President. A. H. HASSINGER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Morris & Essex R.R. bonds, .... $50,000 00 $68,000 00
Montclair Gas & Water Co. bonds, . . . 5,000 00 5,000 00
North Hudson County R'y Co. bonds, . . 45,000 00 51,100 00
Newark Gas Co. bonds, 50,000 00 69,000 00
Lehigh Valley Terminal R'y bonds, . . 4,000 00 4,400 00
Newark Pass. R'y Co. bonds, .... 20,000 00 23,600 00
Atlantic City, N. J., water bonds, . . . 22,000 00 24,200 00
Passaic Water Co. bonds, 20,000 00 21,200 00
firemen's INSURANCE CO.
Consolidated Traction Co. bonds,
Consumers' Heat, Light & Power Co. bonds,
Central R.R. of New Jersey bonds, .
United Electric Co. (N. J.) bonds, .
Newark Consolidated Gas Co. bonds,
United X. J. R.R. ft Canal Co. stock,
Rapid Transit R'y Co. stock,
Western Adjustment & Inspec. Co. stock
Del., Lack. & Western R.R. stock, .
Morris ft Essex R.R. stock,
Newark City National Bank stock, .
Nat 1 ] Newark Banking Co. stock, .
National State Bank stock,
Essex County National Bank stock, .
German National Bank stock, .
Manufacturers 1 National Bank stock,
Newark ft Rosendale Lime & Cem. Co stock
Merchants' National Bank stock,
N. Y. & N. J. Telephone stock,
Par Value.
|100,000 00
10,000 00
25,000 00
80,000 00
20,000 00
13,900 00
15,000 00
300 00
60,000 00
70,000 00
20,000 00
.000 00
32,500 00
20,000 00
10,000 00
10,000 00
4,000 00
8,000 00
20,000 00
Market Value.
\000 00
10,500 00
31,250 00
59,200 00
21,000 00
36,835 00
36,000 00
375 00
108,000 00
127,400 00
36,000
40,000 00
58,500 00
100,000 00
24,000 00
16,000 00
1,400 00
18,000 00
33,000 00
1754,700 00 $1,132,960 00
Summary of Assets Dec. 31, 1
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, f 682 59
Gross assets,
Liabilities.
Losses claimed and reported,
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amouut of unpaid losses,
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
§139,396 70
1,234,704 94
17,507 37
1,132,960 00
1,870 28
15,703 02
7,162 50
84,234 88
62 66
38 79
£2,633,641 14
637,191 23
1,012
$38,203 23
1.5- -
63o,615 10
414,127 97
1,896 00
497 55
Value of lauds mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
Sl.l-23.su 00
1,923,100 00
1.59S.035 00
FIREMEN S INSURANCE CO.
211
Commissions and brokerage, .
Return premiums, ....
Reinsurance, .....
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, • .
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1899
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
$17,966
10,188
5,221
63
32
68
- $486,513 25
. $2,147,127 89
. 1,000,000 00
. $1,147,127 89
$62,585
285
06
91
$62,299
576,902
15
57
$639,201
84,917
72
47
$554,284
87,009
25
61
sources,
Gross cash income, .
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expenses on real estate,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$280,169
31,145
22
44
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $78,383,240
. 57,255,978
$467,274 64
66,489 67
50,929 18
10,847 62
$595,541 11
$249,023 78
100,000 00
107,771 02
33,956 00
22,805 02
3,122 65
29,488 53
$546,167 00
Premiums.
00 $698,200 35
00 576,902 57
$135,639,218
. 41,355,519
00 $1,275,102 92
00 443,891 12
. $94,283,699
. 4,618,966
00 $831,211 80
00 41,121 88
. $89,664,733 00 $790,089 92
212
firemen's MUTUAL INSURANCE CO.
Miscellaneous.
Premiums received from organization of company, . . $8,993,009 00
Losses paid from organization of company, .... 4,305,853 00
Fire losses incurred during the year, 240,732 00
Cash dividends declared from organization of company, . 1,970,500 00
Dividends declared during the year (10 per cent.), . . 100,000 00
Company's stock owned by directors, 281,500 00
"FIREMEN'S MUTUAL INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated May, 1854. Commenced business September, 1854.J
EDWIN BARROWS, President. JOSEPH T. A. EDDY, Secretary.
Detailed Statement of Stocks, Bonds, etc.
United States bonds,
Rhode Island State bonds,
Columbus Street R'y Co. bonds,
Chicago, Burlington & Quincy R.R. bonds,
200 shares Cleveland & Pittsburg R'y Co.,
200 " West End Street R'y Co.,
200 " Rensselaer & Saratoga R.R., .
440 " Pennsylvania R.R., .
200 " Morris & Essex R.R.,
300 " Rome, Watert'n & Ogdensburg R.R.
200 " Chicago & Northwestern R.R.,
100 " Old Colony R.R., .
200 " N. Y., Lackawanna & Western R.R.
200 " Illinois Central R.R.,
220 " Chic, Rock Island & Pacific R.R.,
250 " Chic, Burlington & Quincy R.R.,
100 " Pittsburgh, Ft. Wayne & Chic. R.R.
460 " N. Y. Cent. & Hudson River R.R.,
600 " Merchants' National Bank, .
260 " First National Bank,
280 " American National Bank,
400 " Commercial National Bank, .
200 " National Bank of Commerce, .
100 " Old National Bank, .
100 " Blackstone Canal National Bank,
231 " Providence Gas Co.,
Par Value.
$120,000 00
100,000 00
20,000 00
4,000 00
10,000 00
10,000 00
20,000 00
22,000 00
10,000 00
30,000 00
20,000 00
10,000 00
20,000 00
20,000 00
22,000 00
25,000 00
10,000 00
46,000 00
30,000 00
26,000 00
14,000 00
20,000 00
10,000 00
10,000 00
2,500 00
11,550 00
Market Value.
$ 144,800 00
110,000 00
22,400 00
4,120 00
19,000 00
18,600 00
39,800 00
32,560 00
19,000 00
40,500 00
34,200 00
20,300 00
27,000 00
26,400 00
26,400 00
35,500 00
19,000 00
66,240 00
39,000 00
30,680 00
12,880 00
19,200 00
10,000 00
9,300 00
2,700 00
22,176 00
$643,050 00 8851,756 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, . . . $851,756 00
Cash deposited in bank, 62,359 46
firemen's MUTUAL INSURANCE CO.
213
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$6,739 84
5,487 08
$926,342 38
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
$300,352 91
11,182 14
311,535 05
Net cash assets, $614,807 33
Income.
Premiums outstanding Dec. 31, 1899, . . $6,000 23
Premiums on risks written or renewed, . . 638,782 23
Total, $644,782 46
Premiums now in course of collection, , . 5,487 08
Entire premiums collected, .... $639,295 38
Less reinsurance and return premiums, . . 25,997 93
Net cash premiums received, ....
Interest and dividends received from all sources, .
Gross cash income,
$613,297 45
32,862 64
$646,160 09
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
for inspections, ....
Gross cash expenditures, ....
$46,237 23
509,195 37
12,186 25
12,320 40
850 00
1,129 69
9,612 84
$591,531 78
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1899, $71,206,435 00 $554,815 44
Risks written during 1900, . 82,752,975 00 638,782 23
Total, .... $153,959,410 00 $1,193,597 67
Risks terminated during 1900, . 76,363,001 00 592,891 86
Conting't Prem's.
$2,774,077 20
3,193,911 15
$5,967,988 35
2,964,459 30
In force at end of year, . . $77,596,409 00 $600,705 81 $3,003,529 05
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 90.50 per cent.
$41,625 00
214
FRANKLIN FIRE INSURANCE CO.
"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 22, 1829. Commenced business June 22, 1829.]
Paid-up«Capital, $400,000.
JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Pitts., Chartiers & Youghiogheny R.R. bonds, $53,000 00 $54,060 00
Shamokin, Sunbury & Lewisburg R.R. bonds, 10,000 00 10,300 00
Chartiers R. W. Co. bonds, .... 6,000 00 6,2-40 00
Penn. & N. Y. Canal & R.R. bonds, . . . 63,000 00 72,120 00
Huntington & Broad Top R.R. bonds, . . 20,000 00 21,200 00
Lehigh Valley R.R. bonds, .... 235,000 00 250,000 00
Philadelphia & Erie R.R. bonds, . . . 35,000 00 38,500 00
Phila., Wilmington & Baltimore R.R. bonds, , 50,000 00 54,000 00
Belvidere Delaware R.R. bonds, . . . 21,000 00 23,310 00
Chicago & Western Indiana R.R. bonds, . . 5,000 00 5,250 00
Pennsylvania Railroad trust loan, . . . 30,000 00 33,300 00
Connecting R.R. Co. bonds, .... 20,000 00 20,400 00
Easton & Amboy R.R. bonds, .... 25,000 00 28,000 00
Elmira & Williamsport R.R. Co. bonds, . . 10,000 00 10,700 00
West Jersey R.R. bonds, 25,000 00 29,75u 00
New York Central R.R. bonds, . . . 25,000 00 25,750 00
HarrisbV, Ports., Mt. Joy & Lane. R.R. bonds, 25,000 00 27,000 00
Northern Central R.R. bonds, .... 15,000 00 18,600 00
Steubenville & Indiana R.R. Co. bonds, . . 60,000 00 67,800 00
Camden & Atlantic R.R. bonds, . . . 15,000 00 18,000 00
Northern Central R.R. bonds, .... 15,000 00 17,300 00
River Front R.R. bonds, 16,000 00 17,600 00
Camden & Atlantic R.R. Co. bonds, . . 11,000 00 11,550 00
Philadelphia & Reading R.R. Co. bonds, . . 75,000 00 79,500 00
Northern Central Railway bonds, . . . 14,000 00 15,400 00
Philadelphia & Baltimore Cent. R.R. bonds, . 1,000 00 1,030 00
Jacksonville Southeastern Railway bonds, . 4,000 00 3,000 00
Jacksonville & St. Louis R.R. bonds, . . 15,400 00 4,262 00
Wilmington & Weldon R.R. bonds, . . . 50,000 00 52,500 00
West Jersey & Seashore R.R. bonds, . . 25,000 00 27,500 00
Pitts., Chartiers & Youghiogheny R.R. bonds, 50,000 00 50,000 00
Chicago, Rock Island & Pacific R.R. bonds, . 70,000 00 75,600 00
Lehigh & Hudson River R'y Co. bonds, . . 25,000 00 26,250 00
Erie & Pittsburgh R.R. Co. bonds, . . . 50,000 00 51,000 00
West Jersey & Seashore R.R. bonds, . . 100,000 00 101,000 00
Louisville & Nashville R.R. bonds, . . . 50,000 00 50,000 00
N. Y., Philadelphia & Norfolk R.R. bonds, . 25,000 00 26,250 00
Pitts., Cin., Chicago & St. Louis R.R. bonds, . 50,000 00 50,500 00
Erie R.R. equipment trust bonds, . . . 50,000 00 51,500 00
Rio Grande Western R.R. bonds, . . . 25,000 00 22,500 00
FRANKLIN FIRE INSURANCE CO.
215
United Railways Co. of St. Louis, Mo., bonds,
Lehigh Coal & Navigation Co. bonds,
Lehigh Valley Coal Co. bonds,
Susquehanna Coal Co. bonds, .
Philadelphia & Read. Coal & Iron Co. bonds,
Delaware River Ferry Co. bonds,
Girard Point Storage Co. bonds,
Philadelphia Traction Co. bonds,
Newport & Cincinnati Bridge Co. bonds,
Edison Elec. Light Co. gold trust certificates,
Inf. Battalion, State Fencibles, N. G., Pa., b'ds
United Traction Co. of Pittsburgh, Pa., bonds
Federal St. & Pleasant Val. Pass. R'y Co. b'ds
Electric & People's Traction Co. bonds,
Philadelphia Electric bonds,
Philadelphia Co., Pittsburgh, Pa., bonds,
Erie Telegraph & Telephone Co. bonds,
City of Springfield, 111., bonds,
City of Sandusky, O., bonds, .
City of Camden, N. J., bonds, .
City of Quincy, 111., bonds,
City of Columbus, O., bonds, .
Borough of Sewickly, Pa., bonds,
City of Dayton, O , bonds,
Borough of Downington, Pa., bonds
City of Lancaster, Pa., bonds, .
County of Gloucester, N. J., bonds,
County of Cameron, Pa., bonds,
Delaware County, Pa., bonds, .
Monongahela City, Pa., bonds,
50 shares Independence National Bank,
50 " First National Bank,
100 " Southwark National Bank,
25 " Penn. Co. for Insurance on Lives,
500 " Minehill & Sch. Haven R.R. Co.,
125 " Phila., Wilm. & Baltimore R.R.,
50 " Continental Hotel Co., .
Par Value.
$25,000 00
60,000 00
20,000 00
15,000 00
25,000 00
9,000 00
45,000 00
35,000 00
25,000 00
30,000 00
2,500 00
30,000 00
10,000 00
25,000 00
25,000 00
5,000 00
20,000 00
8,000 00
35,000 00
45,000 00
19,000 00
50,000 00
22,000 00
25,000 00
9,000 00
4,000 00
42,000 00
20,000 00
75,000 00
59,000 00
5,000 00
5,000 00
5,000 00
2,500 00
25,000 00
6,250 00
5,000 00
Market Value.
$22,250 00
62,200 00
21,600 00
17,700 00
25,500 00
9,450 00
42,750 00
36,750 00
28,500 00
33,000 00
2,500 00
35,100 00
11,700 00
25,000 00
25,250 00
5,500 00
20,000 00
8,320 00
41,300 00
45,800 00
19,950 00
51,000 00
24,260 00
29,300 00
9,720 00
4,120 00
43,575 00
21,600 00
78,000 00
60,770 00
6,250 00
8,500 00
6,700 00
12,500 00
30,000 00
10,625 00
7,500 00
$2,342,650 00 $2,493,062 00
Securities held as collateral for cash loans : —
800 shares Union Traction, ....
100 " Reading Co.,
100 " American Sugar Refining Co.,
90 " Philadelphia Traction Co.,
100 " American Railways Co., .
100 " Southern Railway Co., .
100 " Bethlehem Steel Co
100 " Electric Co. of America, .
Market Value. Loaned Thereon.
$29,200 00
1,887 50
14,650 00^
8,910 00
3,300 00
2,200 00
1,900 00
987 50 J
f25,000 00
} 25,000 00
216
FRANKLIN FIRE INSURANCE CO.
Lehigh Valley R.R.,
United Co.'s of New Jersey R.R.,
15 shares 13th & 15th St. Pass. Railway Co.,
Market Value. Loaned Thereon.
88,910 00
2,190 00
4,650 00 1,500 00
$3,000 00
$78,785 00 §54,500 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$232,500 00
133,858 00
2,150 37
2,493,062 00
54,500 00
3,136 73
92,722 80
274 61
71,594 79
§3,083,799 30
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Dividends to stockholders, unpaid, .
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
Income
Fire premiums outstanding Dec. 31, 1899
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
§10,745 74
26,473 68
1,675 00
$38,894 42
1,770 26
$37,124 16
488,290 73
1,051,609 33
140 00
12,348 85
- 1,589,513 07
. $1,494,286 23
400,000 00
§1,094,286 23
£76,540 01
626,277 70
$702,817 71
71,594 79
§631,222 92
125,730 89
§505,492 03
* Value of buildings, ....
Amount of insurance held as collateral,
8527,745 00
•261,000 00
FRANKLIN FIRE INSURANCE CO.
217
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Income from all other sources,
Deposits received for perpetual fire risks, . $9,515 31
Gross cash income,
$9,168 35
111,895 01
6,625 07
1,315 50
$634,495 96
Expenditures.
Cash paid for fire losses, $353,331 65
Deduct salvage and reinsurance, . . . 35,160 02
Net cash paid for fire losses, *
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for expenses on real estate,
for incidentals, ....
Deposits returned on perpetual fire risks, . $43,878 07
$318,171 63
80,005 00
110,613 32
36,361 67
25,685 89
3,119 01
75,482 12
Gross cash expenditures,
$649,438 64
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $89,761,431 00 $956,440 13
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
. 55,094,531 00 626,277 70
$144,855,962 00 $1,582,717 83
. 51,664,931 00 588,540 56
.$93,191,031 00 $994,177 27
. 5,392,243 00 57,391 88
Net amount in force, .... $87,798,788 00 $936,785 39
Perpetual risks in force (not incl'd above), . $52,706,916 00 $1,143,548 24
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent),
Company's stock owned by directors, ....
$33,031,428 00
17,422,618 00
329,838 00
5,834,000 00
80,000 00
19,500 00
218
GERMAN INSURANCE CO.
"GERMAN INSURANCE COMPANY OF FREEPORT,"
FREEPORT, ILL.
[Incorporated February, 1865. Commenced business October, 1866.]
Paiivup Capital, $200,000.
C. O. COLLMANN, President. WM. TREMBOR, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Atlantic, Iowa, water bonds, .... $2,000 00 $2,000 00
Freeport, III., school bonds, .... 42,500 00 44,507 25
Urbana, 111., city hall bonds, . . . 14,000 00 15,335 60
Champaign, 111., improvement bonds, . . 2,000 00 2,048 00
Elgin, 111., school bonds, 9,000 00 9,667 80
Macon Co., 111., court house bonds, . . . 25,000 00 28,520 00
Lake & Hyde Park, Cook Co., school bonds, . 1,000 00 1,105 80
Oregon, 111., school bonds, .... 12,000 00 12,378 00
Mt. Vernon, 111., school bonds, .... 12,000 00 12,861 60
Monroe Co., 111., funding bonds, . . . 10,000 00 10,229 00
Cicero, Cook Co., 111., funding bonds, . . 1,500 00 1,567 20
East St. Louis, 111., school bonds, . . . 10,000 00 11,296 00
Danville, 111., city sewer bonds, . . . 10,500 00 10,920 00
Wheaton, 111., city bonds, 10,000 00 11,051 00
Gilman, 111., school bonds, . . . . 5,500 00 6,149 55
Danville Junction, 111., school bonds, . . 11,000 00 12,772 10
Mt. Morris, 111., school bonds, .... 700 00 750 12
Effingham, 111., city bonds, .... 2,500 00 2,557 75
Mattoon, 111., township refunding bonds, . 6,000 00 6,715 20
Eldorado, 111., school bonds, .... 4,000 00 4,388 40
Pecatonica, 111., school bonds, .... 9,000 00 9,783 00
Monmouth, 111., water bonds, .... 12,000 00 13,189 20
Marshall Co., 111., school bonds, . . . 4,000 00 4,594 80
Woodhull, 111., school bonds 4,400 00 4,502 08
Marengo, 111., city bonds, 3,000 00 3,144 30
Streator, 111., improvement bonds, . . . 550 54 55
Blue Island, 111., village bonds, . . . 8,000 00 9,226 40
Freeport, 111., Light & Fuel Co. bonds, . . 9,000 00 9,000 00
Warren, 111., water bonds 6,000 00 6,577 20
Carmi, 111., school bonds 6,000 00 6,477 60
Potomac, 111., school bonds, .... 800 00 807 20
Freeport, 111, General Electric Co. bonds, . 5,000 00 5,000 00
Omaha, 111., school bonds, .... 3,000 00 3,389 40
West Hammond, 111, school bonds, ... 400 00 407 56
Greenville, 111, school bonds, .... 10,000 00 10,000 00
Watseka, 111, school bonds, .... 5,000 00 5,203 00
Amboy, 111, school bonds, .... 8,500 00 9,403 55
Ogden, Champaign Co, 111, school bonds, . 2,500 00 2,628 75
Kankakee, 111, improvement bonds, . . 16,000 00 17,428 80
GERMAN INSURANCE CO.
219
Rockvale, 111., school bonds,
Grossdale, 111 , bridge bonds,
Orangeville, 111., village bonds,
Davis, 111 , school bonds, .
Quincy, 111., funding bonds,
Anna, 111., school bonds, .
Iroquois, 111., school bonds,
Paxton, 111., school bonds,
Evansville, Ind , school bonds,
Drummer Tp., Ford Co., 111., funding bonds,
Gifford, Champaign Co , 111., school bonds,
Rock Island, 111., funding bonds,
Charleston, 111., funding bonds,
Muscatine, Iowa, school bonds,
Des Moines, Iowa, school bonds,
Bloomington, 111., school bonds,
Evansville, Ind., funding bonds,
Paw Paw, 111., school bonds,
Meredosia, 111., drainage bonds,
Maywood, 111., bonds,
Pekin, 111 , refunding bonds,
Normal, 111., water bonds,
St. Charles, 111., school bonds, .
Morris, 111., school bonds, .
Oregon, 111., town refunding bonds,
Momence, 111., town funding bonds,
East Lincoln, 111., town funding bonds,
White Co., 111., funding bonds,
East St. Louis school bonds,
Muscatine, Iowa, refunding bonds, .
Lawrenceville, 111., city bonds,
Cornell, 111., village bonds,
Chicago Heights, 111., water bonds, .
Pana, 111., Twp. funding bonds,
Monmouth, 111., refunding bonds,
DuQuoin, 111., refunding bonds,
Hawthorne, Cook Co , III., school bonds,
Jerseyville, 111 , refunding bonds, .
Monroe, Wis., water bonds,
United States government coupons, .
Windsor, 111., town bonds,
Bloom, Cook Co., 111., town bonds, .
Council Bluffs, Iowa, refunding bonds,
Elmwood, 111., refunding bonds,
Piper City, 111., school bonds, .
Georgia State bonds,
Colchester, 111., school bonds, .
Nunda, 111., water bonds, .
Par Value.
f 400. 00
4,000 00
1,500 00
1,050 00
26,000 .00
6,500 00
550 00
10,000 00
10,000 00
5,000 00
2,000 00
15,000 00
18,000 00
10,000 00
10,000 00
10,000 00
5,000 00
2,000 00
600 00
7,000 00
37,000 00
20,000 00
12,900 00
7,500 00
30,000 00
15,000 00
15,000 00
10,000 00
17,000 00
25,000 00
4,350 00
1,600 00
3,000 00
29,000 00
3,000 00
3,000 00
2,000 00
11,000 00
75,000 00
500 00
9,500 00
10,000 00
13,000 00
8,500 00
8,000 00
10,000 00
4,900 00
6,000 00
Market Value.
$410 80
4,443 60
1,559 70
1,057 45
27,786 10
6,611 15
555 39
10,397 00
10,781 00
5,579 50
2,052 20
16,425 00
19,942 20
10,140 00
10,470 00
10,445 00
5,247 94
2,086 00
624 66
7,490 00
38,986 90
22,464 00
13,791 39
7,674 75
32,169 00
16,144 50
15,369 00
10,935 00
18,378 70
28,105 00
5,611 93
1,683 52
3,540 00
29,930 90
3,439 50
3,492 00
2,260 40
11,294 80
79,845 00
550 00
10,695 10
10,000 00
14,474 20
8,838 30
9,456 00
10,975 00
5,289 55
6,000 00
220
GERMAN INSURANCE CO.
Marshall, 111., water bonds,
Carrollton, 111., water bonds, .
C., B. & Q. R.R. bonds, .
Chic., R. I. & P. R.R. bonds, .
I. C. R.R. bonds,
Chic., R. I. & P. bonds, .
Elgin, Joliet & Eastern R'y bonds,
C, M. & St. P. R'y bonds,
C, B. & Q. R.R. bonds, .
Chic. & Eastern Illinois R'y bonds,
Chic. & Alton R'y bonds, .
Minnehaha Nat'l B'k stock, Sioux Falls,
First Nat'l B'k stock, Blue Hill, Neb.,
West'n Underwr's' Asso. Inc. stock, Chic
S. D.,
, HI.,
Par Value.
$9,000 00
6,000 00
20,000 00
15,000 00
50,000 00
20,000 00
10,000 00
10,000 00
20,000 00
10,000 00
20,000 00
4,366 66
5,000 00
198,000 00
Market Value.
£10,050 30
7,632 60
21,050 00
16,425 00
53,917 50
21,900 00
11,100 00
12,162 50
22,325 00
11,550 00
17,200 00
4,366 66
5,000 00
239,500 00
Securities held as collateral for cash loans : -
130 shares German Bank, Freeport, 111., .
30 " Blue Valley Bank, Wilber, Neb.,
30 " First Nat'l Bank, Blue Hill, Neb.,
Real estate mortgages, ....
§1,238,067 20 $1,357,812 44
Market Value. Loaned Thereon,
§15,600 00 $9,700 00
3,000 00
3,000 00
1,400 00 600 00
3,000 00
$23,000 00 $13,300 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Gross assets,
Deduct special deposits in other States, .
Balance,
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Liabilities.
879,348 25
1,558,980 15
55,838 59
1,357,812 44
13,300 00
268,466 83
17,156 39
302,621 16
61,380 71
63,714,904 52
10,975 00
$3,703,929 52
$55,595 73
50,027 18
12,850 00
§118,472 91
17,168 35
8101,304 56
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$4,173,0-25 00
1.369,300 00
707,065 00
GERMAN INSURANCE CO.
221
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance.
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
. $2,028,938 02
58,502 93
50,937 31
36 88
. $2,239,719 70
3,109 82
$2,236,609 88
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
. $1,467,319 64
200,000 00
. $1,267,319 64
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
$350,052 87
7,509 74
$342,543 13
2,239,681 47
$2,582,224 60
364,001 87
$2,218,222 73
436,740 77
sources,
.,781,481 96
91,100 48
47,737 97
2,469 64
1,619 57
Gross cash income, $1,924,409 62
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$1,011,080 78
115,262 97
$895,817 81
60,000 00
458,946 70
93,674 82
43,561 32
165,611 98
Gross cash expenditures,
. $1,717,612 63
222
GERMAX ALLIANCE INSURANCE CO.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$264,313,926 00 83,635,806 51
. 177,681,378 00 2,239,681 47
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$441, 995,304 00 $5,875,487 98
. 138,281,035 00 1,876,288 .",1
8303,714,269 00 $3,999,199 47
. 8,406,895 00 127,695 08
$295,307,374 00 $3,871,504 39
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (30 per cent.),
Company's stock owned by directors, .
$28,260,508 00
13,952,918 00
894,776 00
1,009,665 00
60,000 00
78,750 00
"GERMAN ALLIANCE INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated Feb. S, 1S97. Commenced business Feb. S, 1897.]
Paid-up Capital, $400,000.
ADOLPH A. STROHN, President. CHARLES G. SMITH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $236,500 00 $289,230 00
New York city bonds, 100,000 00 105,000 00
Atch., Topeka & Santa Fe R.R. bonds, . . 10,000 00 10,000 00
Central R R. of New Jersey bonds, . . . 20,000 00 24,000 00
Chic, Burl. & Quincy R.R. bonds, . . . 2,000 00 2,000 00
Chic & Eastern Illinois bonds, . . . 25,000 00 32,500 00
Chic, Mil. & St. Paul R'y bonds, . . . 15,000 00 27,000 00
Edison Electric Illuminating Co. bonds, . . 10,000 00 11,000 00
Missouri, Kansas & Texas R'y bonds, . . 25,000 00 22,500 00
Second Avenue R.R. bonds, .... 25,000 00 27,500 00
Utah & Northern R.R. bonds, .... 20,000 00 23,600 00
Western Union Telegraph Co. bonds, . . 2,000 00 2,200 00
50 shares Cent. Nat'l Bank, .... 5,000 00 8,500 00
200 " Chic. & Northwestern R.R., . . 20,000 00 40,000 00
300 " Chic, Mil. & St. Paul R.R., . . 30,000 00 51.000 00
125 " Chic, Burl. & Quincy R.R., . . 12,500 00 16,250 00
100 " Illinois Central R.R., . . . 10,000 00 12,000 00
GERMAN ALLIANCE INSURANCE CO.
223
Par Value.
Market Value.
100 shares National Bank of Commerce,
$10,000 00
$30,000 00
230
■ N. Y. Cent. & Hudson Riv. R.R.,
23,000 00
31,050 00
100 «
1 Northern Pacific R.R., .
10,000 00
8,000 00
100 '
* Rensselaer & Saratoga R.R.,
10,000 00
19,000 00
1,540
1 Pennsylvania R.R.,
77,000 00
103,950 00
200
11 Union Pacific R.R.,
20,000 00
15,000 00
$718,000 00 $911,280 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross) ,
Gross assets, . . .' .
Deduct special deposits in other States, .
|911,280 00
26,642 94
77,313 17
$1,015,236 11
79,200 00
Balance, $936,036 11
Liabilities.
Losses adjusted, unpaid, . . . . i . $25,135 33
Losses claimed and reported, .... 19,642 00
Unearned premiums on outstanding risks, . 202,620 29
Due and accrued for rent, salaries, etc., . . 159 15
Commissions and brokerage, .... 26,895 05
Gross liabilities, except capital, . . $274,451 82
Deduct liability on special deposits, . . 13,460 47
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
260,991 35
$675,044 76
400,000 00
$275,044 76
Income.
Fire premiums outstanding Dec. 31, 1899, . $65,333 23
Premiums on risks written or renewed, . . 348,478 69
Total, $413,811 92
Premiums now in course of collection, . . 77,313 17
Entire premiums collected, .... $336,498 75
Less reinsurance and return premiums, . . 60,374 78
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
$276,123 97
36,800 58
Gross cash income, $312,924 55
224 GERMAN-AMERICAN INSURANCE CO.
Expenditures.
Cash paid for fire losses, $202,082 67
Deduct salvage, 2,028 37
Net cash paid for fire losses, .... $200,054 30
Cash paid for commissions and brokerage, .... 61,276 95
for salaries of officers and employees, . . . 1,800 00
for State and local taxes, 19,920 89
for incidentals, 42 15
Gross cash expenditures, $283,094 29
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $45,067,175 00 $339,958 32
Fire risks written during 1900, . . . 41,897,984 00 348,478 69
Total, $86,965,159 00 $688,437 01
Deduct risks expired and terminated, . . 35,071,438 00 293,640 92
In force at end of year, $51,893,721 00 $394,796 09
Miscellaneous.
Premiums received from organization of company, . . $925,929 00
Losses paid from organization of company, .... 499,337 00
Fire losses incurred during the year, 188,895 00
Company's stock owned by directors, 89,200 00
« GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated March, 1872. Commenced business March 7, 1872.]
Paid-up Capital, $1,000,000.
WM. N. KREMER, President. CHARLES G. SMITH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds,
New York city bonds, ....
New York city schools in Brooklyn bonds,
Brooklyn city bonds, ....
Boston, Mass., Rapid Transit loan, .
St. Louis, Mo., bonds, ....
Portland, Ore., water bonds,
Albany & Susquehanna R.R. bonds,
Atchison, Topeka & Santa Fe R'y bonds,
Chicago & Alton R.R. Co. bonds,
$1,055,000 00 § 1,202,100 00
1,027,784 00 1,026,507 00
50,000 00 52,500 00
175,000 00 184,500 00
50,000 00 52,500 00
100,000 00 105,000 00
50,000 00 50,000 00
75,000 00 81,000 00
50,000 00 47,500 00
25,000 00 21,250 00
GERMAN- AMERICAN INSURANCE CO.
225
Chicago, Rock Island & Pacific R R. bonds,
Central R.R of New Jersey bonds, .
Chicago, Mil. & St. Paul R.R. bonds,
Chicago & Northwestern Railway bonds,
Chicago, Burl. & Quincy R.R. bonds,
Chicago & Eastern Illinois R.R. bonds, .
Cleveland, C, C. & St Louis R.R. bonds,
Erie Railway bonds,
Hannibal & St. Joseph R.R. bonds, .
Hocking Valley Railway Co. bonds,
Little Miami R R. bonds, ....
Louis. & Nash. & Mobile & Mont. R.R. bonds
Louisville & Nashville R.R. bonds, .
Minneapolis & St. Louis R.R. bonds,
Montana Central R.R. bonds, .
N. Y., New Haven & Hartford R.R. deb. certs.
Nashville, Chattanooga & St. Louis R'y bonds
N. Y., Lackawanna & Western R.R. bonds,
N. Y., Susquehanna & Western R.R. bonds,
N. Y., Chicago & St. Louis R.R. bonds, .
Pennsylvania Co. bonds, ....
St. Paul, Minn. & Manitoba R'y bonds, .
St. Lawrence & Adirondack R.R. Co. bonds,
Utah & Northern R.R. bonds, .
West Shore R'y Co. bonds,
Allegheny Street Railway bonds,
Columbus & Ninth Avenue R.R. bonds, .
Lexington Avenue & Pavonia Ferry R'y bonds
Minneapolis L. & M. Street Railway bonds,
Metropolitan St. Railway bonds,
N. Y. Gas & Elec. Light, Heat & P. Co. b'ds,
34th St. Crosstown Railway bonds, .
Troy (N. Y.) City Railway Co. bonds,
Edison Electric Illuminating Co. of N. Y. b'ds
Western Union Telegraph Co. bonds,
Standard Gas Light Co. bonds,
100 shares Albany & Susquehanna R.R
1,000 " Cayuga & Susquehanna R.R.,
600 " Chic, Burlington & Quincy R.R.
1,400 " Chic, Mil. & St. Paul R.R., .
650 " Chicago & Northwestern R.R.,
400 " Cleveland, C, C. & St. Louis R.R.,
300 " Delaware & Hudson Canal Co.,
200 " Detroit, Hills. & Southwest. R.R
495 " Great Northern R.R., .
1,000 " Hocking Valley Railway Co.,
400 " Illinois Central R.R., .
100 " Minneapolis & St, Louis R.R.,
Par Value.
$100,000 00
65,000 00
130,000 00
191,000 00
50,000 00
25,000 00
50,000 00
150,000 00
25,000 00
10,000 00
25,000 00
100,000 00
23,000 00
20,000 00
25,000 00
20,000 00
25,000 00
100,000 00
50,000 00
45,000 00
80,000 00
96,000 00
25,000 00
10,000 00
50,000 00
25,000 00
25,000 00
25,000 00
25,000 00
35,000 00
25,000 00
50,000 00
25,000 00
35,000 00
25,000 00
25,000 00
10,000 00
30,000 00
60,000 00
140,000 00
65,000 00
40,000 00
30,000 00
20,000 00
49,500 00
100,000 00
40,000 00
10,000 00
Market Value.
$112,500 00
74,750 00
164,200 00
212,060 00
52,500 00
32,500 00
50,000 00
202,500 00
28,750 00
10,000 00
27,500 00
105,000 00
26,450 00
21,300 00
32,500 00
35,000 00
25,000 00
130,000 00
53,250 00
48,150 00
86,400 00
120,140 00
27,500 00
11,800 00
53,500 00
25,000 00
29,250 00
29,250 00
25,000 00
40,600 00
22,500 00
55,000 00
26,250 00
40,250 00
27,500 00
26,250 00
19,500 00
58,500 00
78,000 00
238,000 00
130,000 00
40,000 00
37,500 00
20,000 00
86,625 00
65,000 00
48,000 00
10,000 00
226
GERMAN-AMERICAN INSURANCE CO.
1 ,200 shares
2,633
M
390
II
200
II
1,000
t<
2,805
(1
500
(t
1,000
II
400
II
100
(i
400
II
90
<«
300
II
400
II
221
(I
800
II
600
II
Morris & Essex R.R., .
New York & Harlem R.R., .
N. Y., N. H. & Hartford R.R.,
N. Y., Lackawanna & West'n R.R,
Northern Pacific Railway Co.,
Pennsylvania R.R.,
Rensselaer & Saratoga R.R.,
Union Pacific Railroad,
Pullman Co.,
American Exchange Nat'l Bank,
Central National Bank,
Merchants' National Bank, .
National Bank of Commerce,
Fourth National Bank, .
German-American Bank,
Consolidated Gas Co., .
Standard Oil Co., .
Par Value.
$60,000 00
131,650 00
39,000 00
20,000 00
100,000 00
140,250 00
50,000 00
100,000 00
40,000 00
10,000 00
40,000 00
4,500 00
30,000 00
40,000 00
16,575 00
80,000 00
60,000 00
Market Value.
} 108,000 00
493,687 00
74,100 00
25,000 00
80,000 00
189,337 00
95,000 00
75,000 00
72,000 00
17,000 00
68,000 00
7,200 00
90,000 00
70,000 00
19,061 00
144,000 00
330,000 00
$6,024,259 00 $7,701,467 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $15,000 00
Loans on mortgage of real estate (first liens *), 13,000 00
Interest due or accrued thereon, . . . 173 00
Stocks and bonds, as per schedule, . . . 7,701,467 00
Cash in the office of the company, . . . 9,599 34
Cash deposited in bank, 350,805 01
Premiums in course of collection (gross), . 586,236 99
Prem's more than three mos. due, $34,280 29
Gross assets,f
Deduct special deposits in other States,
Balance,
$8,676,281 34
138,600 00
$8,537,681 34
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
$ 169,939 00
241,677 00
41,863 00
$453,479 00
81,596 00
$371,883 00
2,742,697 52
17,173 66
115,284 62
* Value of lands mortgaged, 8,000 00
Value of buildings thereon, f 14,000 00
Amount of insurance held as collateral, .... 13,000 00
t Including $500,000 special reserve fund held under New York law.
GERMAN- AMERICAN INSURANCE CO.
227
Return premiums, ....
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected, .....
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, ....
Expenditures.
Cash paid for fire losses, $2,494,665 51
Deduct salvage and reinsurance, . . . 782,208 68
Net cash paid for fire losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$2,072 26
159,458 58
2,338 69
$3,410,908 33
82,518 77
$3,328,389 56
. $5,209,291 78
. 1,000,000 00
$4,209,291 78
$527,849 41
1,589 88
$526,259 53
4,731,936 23
$5,258,195 76
620,517 28
$4,637,678 48
1,642,490 40
sources,
- $2,995,188 08
2,234 45
310,613 16
. $3,308,035 69
Gross cash expenditures, .
Risks and Premiums.
$1,712,456 83
300,000 00
482,068 07
209,502 70
98,730 82
326,777 77
$3,129,536 19
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Premiums.
$720,917,823 00 $5,841,188 49
529,306,767 00 4,731,936 23
$1,250,224,590 00$10,573,124 72
456,724,930 00 4,050,183 76
$793,499,660 00 $6,522,940 96
142,112,746 00 1,050,483 90
$651,386,914 00 $5,472,457 06
228
GERMAN FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (30 per cent.),
Company's stock owned by directors,
$57,374,653 00
30,647,452 00
1,745,321 00
4,690,000 00
300,000 00
139,100 00
"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF
PITTSBURGH," PITTSBURGH, PA.
[Incorporated March 27, 1862. Commenced business July, 1862.]
Paid-up Capital, $200,000.
A. E. SUCCOP, President. A. H. ECKERT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
102 shares German Nat'l Bank, Pittsburgh, . $10,200 00 $ 23,970 00
50 " Third Nat'l Bank, Pitts., . . . 5,000 00 7,500 00
100 " Exchange Nat'l Bank, Pitts , . . 5,000 00 9,000 00
100 " Allegheny Nat'l Bank, Pitts., . . 5,000 00 9,000 00
43 " M. & M. National Bank, Pitts., . 2,150 00 6,020 00
3 " Metropolitan Nat'l Bank, Pitts., . 300 00 400 00
10 " Fifth Avenue Bank, Pitts., . . 500 00 450 00
100 " First National Bank, Allegheny, . 10,000 00 13,500 00
45 " Second National Bank, Allegheny, 4,500 00 13,500 00
Aleppo township school bonds, . . . 1,600 00 1,840 00
Millvale & Etna Traction Co. bonds, . . 11,500 00 12,995 00
Pitts. & Birm. Traction Co. bonds, . . . 8,000 00 9,040 00
Securities held as collateral for cash loans
50 shares United States Glass Co., .
100 " Pittsburgh Brewing Co., .
45 " Westinghouse Air Brake Co.,
30 " Diamond National Bank,
200 " Chartiers Valley Water Co.,
60 " Pittsburgh Brewing Co ,
25 " Pitts. & Birming. Traction Co
252 " United States Glass Co., .
15 " Union Trust Co.,
20 " City Deposit Bank, .
$63,750 00 $107,215 00
Market Value. Loaned Thereon.
$1,650 00>|
4,500 00 I
8,100 00 \ $21,050 00
9,000 00 '
4,400 00
2,700 00
1,125 00
8,316 00
5,400 00
2,500 00
J
2,600 00
5,000 00
5,000 00
?47,691 00 ?33,650 00
GERMAN FIRE INSURANCE CO.
229
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Bill receivable (secured),
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Gross cash income, ....
$2,200 00
255,405 00
5,003 29
107,215 00
33,650 00
39,561 91
343 50
66,337 21
1,765 00
$8,721 49
6,631 50
$15,352 99
2,416 41
$12,936 58
215,351 02
320 35
750 00
11,056 21
5,053 80
$48,709 96
332,918 28
$381,628 24
66,337 21
$315,291 03
73,179 61
sources,
$511,480 91
245,467 96
$266,012 95
200,000 00
$66,012 95
$242,111 42
15,846 95
6,690 63
194 79
341 30
$265,185 09
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$351,S00 00
364,450 00
249,400 00
230
GERMANIA FIRE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$198,837 31
16,001 04
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$33,411,255
. 29,439,089
$62,850,344
25,655,491
.f37,194,853
. 1,685,966
$182,836 27
20,000 00
66,902 34
10,796 56
7,208 18
21,044 96
$308,788 31
Premiums.
00 $368,209 70
00 332,918 28
00 $701,127 98
00 270,377 65
00 $430,750 33
00 19,918 40
. $35,508,887 00 $410,831 93
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$5,950,703 00
2,928,774 00
173,554 00
738,000 00
20,000 00
25,250 00
••GERMANIA FIRE INSURANCE COMPANY," NEW YORK, X. Y.
[Incorporated March 2, 1859. Commenced business March 2, 1859.]
Paid-up Capital, $1,000,000.
HUGO SCHUMANN, President. CHARLES RUYKHAVER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, 1550,000 00 $575,000 00
Baltimore & Ohio R.R. Co. bonds, . . . 56,000 00 54,500 00
Brooklyn Union Elevated R.R. Co. bonds, . ' 15,000 00 14,550 00
Chesapeake & Ohio R'y Co. bonds, . . . 30,000 00 31,800 00
Chic, Rock Isl. & Pacific R.R. bonds, . . 25,000 00 33,000 00
Chicago & Northwestern R'y Co. bonds, . . 36,000 00 43,560 00
Cleve., Col., Cin. & Ind. R.R. Co. bonds, . . 25,000 00 33,000 00
Denver & Rio Grande R.R. Co. bonds, . 35,000 00 35,000 00
Dry Dock, E. B'way & Battery R.R. Co. bonds, 10,000 00 11,500 00
Edison Electric Ilium. Co. bonds, . . . 25,000 00 27,000 00
GERMANIA FIRE INSURANCE CO.
231
Fargo & Southern R'y Co. bonds, .
Flint & Pere Marquette R.R. Co. bonds, .
Georgia State bonds, ....
East Tenn., Va. & Ga. R'y Co. bonds,
Kentucky Cent. R'y Co. bonds,
Lehigh Valley R'y Co. of N. Y. bonds, ,
Long Island R.R. Co. bonds, .
Michigan Central R.R. Co. bonds, .
Milwaukee & Northern R.R. Co. bonds, ,
Mississippi State bonds, . . .
Missouri Pacific R'y Co. bonds,
N. Y., Brooklyn & Man. Beach R'y Co. bonds
New York city bonds, ....
N. Y. Cent. & Hudson River R.R. Co. bonds,
Pennsylvania Co. bonds, ....
Pittsburg & Western R'y Co. bonds,
Richmond city bonds, ....
Rome, Watertown & Ogdens. R.R. Co. bonds
St. Paul, Minn. & Manitoba R'y Co. bonds,
St. Paul & Northern Pacific R.R. Co. bonds,
Tenn. Coal, Iron & R.R. Co. bonds, .
Third Avenue R.R. Co. bonds, .
Toledo & Ohio Central R'y Co. bonds,
Western N. Y. & Pa. R.R. Co. bonds,
Wheeling & Lake Erie R'y Co. stock,
Broadway & 7th Ave. R.R. Co. stock,
Brooklyn Union Elevated R.R. Co. stock,
Chic , Mil. & St. Paul R'y Co. stock,
Chicago, Burl. & Quincy R.R. Co. stock,
Consolidated Gas Co. stock,
Del , Lack. & Western R.R. Co. stock,
German American Bank stock,
Great Northern Railway Co. stock, .
Illinois Central R.R. Co. stock,
National Park Bank stock,
N. Y. Cent. & Hudson R. R.R. Co. stock,
Pennsylvania R.R. Co. stock, .
Pullman Palace Car Co. stock,.
Union Pacific R.R. Co. stock, .
Western Union Telegraph Co. stock,
Par Value.
$20,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
15,000 00
20,000 00
25,000 00
20,000 00
25,000 00
25,000 00
500,000 00
50,000 00
50,000 00
25,000 00
52,100 00
35,000 00
25,000 00
16,000 00
25,000 00
25,000 00
35,000 00
25,000 00
11,200 00
40,000 00
3,000 00
65,000 00
50,000 00
56,200 00
60,000 00
9,375 00
70,000 00
100,000 00
5,000 00
100,000 00
110,000 00
100,000 00
80,000 00
60,000 00
Market Value.
$27,200 00
26,500 00
26,000 00
29,250 00
24,500 00
27,500 00
18,150 00
25,000 00
29,250 00
20,000 00
29,750 00
26,750 00
526,000 00
48,000 00
57,500 00
25,000 00
53,663 00
44,100 00
28,750 00
20,800 00
27,500 00
31,500 00
39,200 00
30,000 00
5,235 00
94,000 00
900 00
93,000 00
69,000 00
105,656 00
111,600 00
11,250 00
130,900 00
128,000 00
21,500 00
140,000 00
154,000 00
200,000 00
65,600 00
49,200 00
$2,864,875 00 f3,480,614 CO
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $686,824 27
Loans on mortgage of real estate (first liens *), 378,500 00
* Value of lands mortgaged, $247,500 00
Value of buildings thereon, 421,500 00
Amount of insurance held as collateral, .... 3S!),500 00
232
GEKMANIA FIKE INSURANCE CO.
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Cash in hands of department managers, .
Rents,
Prem's more than three mos. due, $2,183 25
Gross assets
Deduct special deposits in other States,
Balance,
$8,903 75
3,480,614 00
4,356 76
160,170 55
1,250 00
227,204 07
13,862 06
2,115 02
$4,963,800 48
79,663 00
$4,884,137 48
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
$50,478 60
51,213 89
9,181 00
$110,873 49
29,301 88
$81,571 61
1,563,778 00
42,475 49
2,948 42
$1,690,773 52
32,043 22
1,658,730 30
. $3,225,407 18
. 1,000,000 00
Surplus over capital,
$2,225,407 18
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$235,573 75
1,690,660 88
$1,926,234 63
229,387 32
$1,696,847 31
501,266 79
$1,195,580 52
17,389 48
142,607 24
$1,355,577 24
GIRARD FIRE AND MARINE INSURANCE CO.
233
Expenditures.
Cash paid for fire losses, $803,642 93
Deduct salvage and reinsurance, . . . 152,489 71
Net cash paid for fire losses, ....
Cash dividends paid, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures,
651,153 22
150,000 00
236,401 49
137,606 05
49,700 32
78,978 02
. $1,303,839 10
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$402,859,714 00 $3,157,191 42
.216,550,810 00 1,690,660 88
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$619,410,554 00 $4,847,852 30
.213,153,422 00 1,635,403 09
$406,257,132 00 $3,212,449 21
. 19,417,890 00 146,577 15
$386,839,242 00 $3,065,872 06
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (15 per cent.),
Company's stock owned by directors, .
$35,453,730 00
17,670,472 00
643,281 00
3,341,000 00
150,000 00
196,200 00
"GIRARD FIRE AND MARINE INSURANCE COMPANY,' 1
PHILADELPHIA, PA.
[Incorporated March 26, 1853. Commenced business May 2, 1853.]
Paid-up Capital, $300,000.
ALFRED S. GILLETT, President. EDWIN P. MERRILL, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds,
City of Louisville, Ky , bonds, .
County of St. Louis, Mo., park bonds,
City of Seattle, Wash., bonds, .
Borough of Ridley Park, Penn., bonds,
Par Value.
$65,000 00
10,000 00
10,000 00
50,000 00
4,000 00
Market Value.
$76,700 00
10,800 00
11,100 00
54,000 00
4,480 00
234
GIRARD FIRE AND MARINE INSURANCE CO.
Wadena, Minn., school bonds, .
State of Georgia bonds, .
City of Camden, N. J., bonds, .
City of Duluth, Minn., bonds, .
Norfolk & Western R.R. bonds,
Connecting R.R. bonds, .
Pennsylvania R.R, bonds, .
Philadelphia, Wil. & Bait. R.R. bonds,
Pitts., Cin., Chic. & St. Louis R.R. bonds,
Delaware Railroad bonds,
North Pennsylvania R.R. bonds,
Lehigh Valley R.R. bonds,
Lynn & Boston R.R. bonds,
Phila. & Reading R.R. Co. bonds,
Schuylkill Valley Traction Co. bonds,
Fort Pitt Traction Co., Pittsburgh, bonds
Ohio & Little Kanawha Railroad bonds,
Lower Merion Gas Co. bonds, .
Hutchinson Water, Light & Power Co. bonds
Northwestern Gas Light & Coke Co. bonds,
Hudson River Gas & Electric Co. bonds, .
Glens Falls Gas & Electric Light Co. bonds,
Western Gas Co. bonds, ....
Consolidated Gas Co. of Pittsburgh, Pa., bonds
Hamilton Real Estate Co. bonds,
Phila. & Darby Passenger Railway Co. stock,
Pennsylvania Railroad Co. stock,
Lehigh Valley Railroad Co. stock, .
Lehigh Coal & Navigation Co. stock,
Philadelphia Traction Co. stock,
Penn. Salt Manufacturing Co. stock,
Continental Title & Trust Co. stock,
Philadelphia Bourse stock,
Girard Fire & Marine Tns. Co. stock, $44,863 00
Securities held as collateral for cash loans : —
Par Value.
$5,000 00
25,000 00
20,000 00
15,000 00
15,000 00
9,000 00
10,000 00
70,000 00
10,000 00
6,000 00
5,000 00
20,000 00
25,000 00
50,000 00
10,000 00
10,000 00
1,200 00
8,000 00
6,000 00
10,000 00
20,000 00
10,000 00
25,000 00
10,000 00
11,600 00
2,250 00
16,500 00
15,000 00
5,000 00
10,000 00
10,000 00
2,500 00
1,500 00
Market Value.
$5,000 00
27,000 00
23,000 00
16,500 00
15,000 00
9,517 50
12,400 00
75,600 00
11,700 00
6,720 00
5,350 00
20,800 00
28,687 50
62,500 00
10,000 00
11,775 00
1,050 00
8,240 00
6,000 00
10,000 00
21,000 00
10,000 00
26,875 00
11,400 00
11,600 00
1,800 00
24,255 0O
8,700 00
6,300 00
19,800 00
24,600 00
3,500 00
360 00
Morto-ao'es assigned, .
Loaned on company's own stock,
$ 608,550 00 $694,110 00
Market Value. Loaned Thereon.
$161,500 00 $93,780 00
$2,000 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $382,000 00
Loans on mortgage of real estate (first liens *), 634,700 00
Interest due or accrued thereon, . . . 10,165 58
* Value of lands mortgaged $1,514,962 00
Value of buildings thereon, 550,115 00
Amount of insurance held as collateral, .... 292,50000
GIRARD FIRE AND MARINE INSURANCE CO.
235
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Perpetual premiums in course of collection,
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets, .
$694,110 00
93,780 00
2,528 31
59,158 84
11,478 68
83,691 56
12,004 50
473 17
853 72
$1,984,944 36
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Miscellaneous,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
f23,369 23
2,575 00
$25,944 23
2,760 86
$23,183 37
404,393 01
624,610 07
1,408 37
18,912 06
19,690 69
4,094 42
10,188 38
1,106,480 87
$878,463 99
300,000 00
$578,463 99
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Profit and loss,
All other,
Deposits received for perpetual fire risks,
Gross cash income, ....
$81,065 68
524,666 28
$605,731 96
83,691 56
$522,040 40
130,309 50
sources,
$28,540 53
$391,730 90
39,918 40
34,973130
13,648 87
7,948 93
879 50
$489,099 90
236
GLENS FALLS INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals,
1300,863 56
48,182 81
Deposits returned on perpetual fire risks,
$252,680 75
63.000 00
97,181 08
58,195 17
25.001 59
7,790 95
50,028 84
$22,968 79
Gross cash expenditures, $553,878 38
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
. $88,660,684 00
. 51,773,827 00
$140,434,511 00
. 49,642,104 00
. $90,792,407 00
. 7,273,642 00
.$83,518,765 00
. $32,383,448 00
Premiums.
$843,551 63
524,666 28
$1,368,217 91
502,847 18
$865,370 73
78,181 79
$787,188 94
$694,011 19
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Dividends declared during the year (21 per cent.),
Company's stock owned by directors, ....
$14,671,941 00
5,792,508 00
278,626 00
2,071,194 00
63,000 00
37,500 00
*< GLENS FALLS INSURANCE COMPANY," GLENS FALLS, N. Y.
[Incorporated May, 1849. Commenced business May, 1S50.]
Paid-up Capital, $200,000.
J. L. CUNNINGHAM, President. R. A. LITTLE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, f 58,000 00 $75,540 00
N. Y. Central & Hudson River R.R. bonds, . 200,000 00 220,000 00
Syracuse, Bing. & New York R.R. bonds, . 53,000 00 62,540 00
Morris & Essex R.R. bonds, .... 50,000 00 68,500 00
GLENS FALLS INSURANCE CO.
237
West Shore R.R. bonds, .
Union Pacific R.R. bonds, .
Baltimore & Ohio R.R. bonds, .
Hudson River Pulp & Paper Co. bonds,
Gould Paper Co. bonds, .
German Trust Co., Davenport, la., bonds
Glens Falls Paper Mills Co. bonds, .
Georgia State bonds,
Richmond city bonds,
Pendleton City, Ore., bonds,
Cleveland Trust Co. stock,
Mt. Kisco National Bank stock,
Glens Falls National Bank stock,
Saratoga Springs bonds, .
First National Bank, Glens Falls, stock,
International Loan & Trust Co. bonds,
First Nat'l Bank, Saratoga Springs, stock,
Securities held as collateral for cash loans
Morris & Essex R.R. bonds,
Par Value.
$50,000 00
50,000 00
50,000 00
320,000 00
400,000 00
71,743 20
120,000 00
25,000 00
11,000 00
50,000 00
5,000 00
5,000 00
2,500 00
5,000 00
10,000 00
63,922 05
2,000 00
Market Value.
$54,000 00
50,000 00
50,000 00
320,000 00
400,000 00
71,743 20
120,000 00
25,000 00
11,000 00
55,900 00
6,000 00
5,000 00
5,000 00
5,000 00
20,000 00
63,922 05
4,000 00
$1,602,165 25 $1,693,145 25
Market Value. Loaned Thereon.
$4,110 00 $4,000 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Gross assets,*
Deduct special deposits in other States, .
Balance, $3,344,899 05
$62,700 00
1,120,386 66
6,841 99
1,693,145 25
4,000 00
3,944 92
419,432 15
6,583 33
118,841 91
922 84
$3,436,799 05
91,900 00
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Liabilities.
$25,120 16
28,684 00
6,723 60
Total amount of losses,
Less reinsurance,
$60,527 76
9,963 48
Net amount of unpaid losses,
$50,564 28
* Including $200,000 special reserve held under New York laws.
238
GLENS FALLS INSURANCE CO.
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
|931,093 40
10,000 00
18,051 28
10,133 01
$1,019,841 97
21,730 17
$998,111 80
$2,346,787 25
2< 0,000 00
$2,146,787 25
$97,463 18
1,034,936 68
Total, $ 1,132,399 86
Premiums now in course of collection, . . 121,028 45
. fl,011,371 41
173,278 43
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
$838,092 98
7U-87 44
107,099 04
2.M1 41
Gross cash income, $1,018,290 87
Expenditures.
Cash paid for fire losses, $504,853 53
Deduct salvage and reinsurance, . . . 52,779 50
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, .
$452,074 03
60,000 00
189,674 41
64,138 17
59,171 40
66,008 66
$891,066 67
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$181,506,339 00 $1,894,294 71
97,089,269 00 l,u34,936 68
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$278,595,608 00 $2,929,231 39
91,113,341 00 964,456 74
$187,482,267 00 $1,964,774 65
11,101,505 00 145,730 24
$176,380,762 00 $1,819,044 41
GRANITE STATE FIRE INSURANCE CO.
239
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (30 per cent.),
Company's stock owned by directors,
$19,117,611 00
9,211,648 00
461,122 00
900,000 00
60,000 00
69,680 00
"GRANITE STATE FIRE INSURANCE COMPANY,"
PORTSMOUTH, N. H.
[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.]
Paid-tjp Capital, $200,000.
FRANK JONES, President. ALFRED F. HOWARD, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
State of Massachusetts bonds $20,000 00 $23,000 00
Boston, Mass., bonds, 20,000 00 22,170 00
Quincy, Mass., bonds, 6,000 00 7,087 50
Maiden, Mass., bonds, ( 17,000 00 18,926 50
Taunton, Mass., bonds, ' 8,000 00 8,987 20
Newton, Mass , bonds, 9,000 00 10,722 60
Manchester, N. H., bonds, .... 100,000 00 105,620 00
Portsmouth, N. H., bonds, .... 10,000 00 11,094 05
Dover, N. H., bonds, 10,000 00 10,789 00
Nashua. N. H., bonds, 10,000 00 11,061 40
Concord, N. H., bonds, 1,000 00 1,142 80
Laconia, N. H., bonds, 10,000 00 11,534 80
Pittsfield, N. H., bonds, 2,500 00 2,724 00
Peterborough, N. H., bonds, .... 4,000 00 4,320 40
Newport, N. H., bonds, 5,000 00 5,000 00
Hillsborough County, N. H., bonds, . . 10,000 00 11,382 00
Coos County, N. H., bonds, .... 5,000 00 5,000 00
Rockingham County, N. H., bonds, . . . 10,000 00 10,698 80
Columbia County, Wash., bonds, . . . 8,000 00 8,000 00
Burlington, Vt., bonds, 5,000 00 5,591 00
Concord & Montreal R.R. bonds, . . . 10,000 00 11,175 00
Boston & Lowell R.R. bonds, .... 10,000 00 10,947 00
Fitchburg R.R. bonds, 5,000 00 5,686 00
Emporia Electric & Gas Light Co. bonds, . 2,000 00 2,000 00
Chippewa Falls Water Works Co. bonds, . 10,500 00 10,500 00
Water, L. & P. Co., St. Cloud, Minn , bonds, . 10,000 00 10,000 00
New Hampshire Trust Co. bonds, . . . 7,800 00 5,460 00
Eastman Freight Car Heater Co. bonds, . . 26,000 00 26,000 00
240
GRANITE STATE FIRE INSURANCE CO.
Nashua Card & Glazed Paper Co. bonds,
123 shares Boston & Maine R.R.,
133 " Dover Gas Light Co.,
50 " Wolf. Loan & Banking Co.,
51 " Wor., Nashua & Roch. R.R.,
35 " Concord & Montreal R.R.,
Par Value.
85,000 00
12,000 00
3,325 00
5,000 00
5,100 00
3,500 00
Market Value.
$5,000 00
23,985 00
3,325 00
5,000 00
6,885 00
7,000 00
$385,725 00 $427,815 05
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, §281 63
Gross assets,
$31,900 00
13,600 00
164 72
427,815 05
2,879 67
29,371 27
1,842 21
56,383 07
71 28
$564,027 27
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$8,466 46
20,479 37
600 00
§29,545 83
1,725 99
§27,819 84
220,050 66
1,093 54
8,651 84
10,534 02
Surplus over capital, .
268,149 90
§295.877 37
200,000 00
$95,877 37
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$12,400 00
21,700 00
10,400 00
GRANITE STATE FIRE INSURANCE CO.
241
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Profit on sale of bonds and stocks, .
Gross cash income,
Expenditures.
Cash paid for fire losses, $240,900 62
Deduct salvage and reinsurance, . . . 42,499 95
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, .
Risks and Premiums.
$45,112 18
281 63
844,830 55
412,886 94
$457,717 49
56,383 07
$401,334 42
111,110 37
sources,
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $45,581,811 00
. 32,5165,242 00
. $78,147,053 00
. 29,698,954 00
. $48,448,099 00
. 13,157,101 00
$290,224 05
657 61
16,473 21
1,616 00
1,356 52
$310,327 39
$198,400 67
12,000 00
54,035 24
11,380 00
8,569 36
25,548 03
$309,933 30
Premiums.
$540,283 39
412,886 94
$953,170 33
378,755 72
$574,414 61
158,449 05
. $35,290,998 00 $415,965 56
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$6,783,563 00
3,097,842 00
234,743 00
132,000 00
12,000 00
106,200 00
242
THE GREENWICH INSURANCE CO.
" THE GREENWICH INSURANCE COMPANY," NEW YORK, X. Y.
[Incorporated May 5, 1834. Commenced business Jan. 1, 1S35.]
Paid-up Capital, $200,000.
MASON A. STONE, President. WALTER B. WARD, Ass't Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $46,500 00
District of Columbia bonds, .... 125,000 00
Harlem River & Portchester Railroad bonds, . 10,000 00
Albany & Susquehanna R.R. bonds, . . 80,000 00
The Oswego & Syracuse R.R. bonds, . . 53,000 00
The Central of Georgia R'y Co. bonds, . . 25,000 00
Consolidated Gas Co. of N. Y. stock, . . 125,000 00
Rensselaer Saratoga R.R. Co. stock, . . 60,000 00
The Valley R.R. Co. stock, .... 35,000 00
National Broadway Bank stock, . . . 17,500 00
Delaware & Hudson Canal Co. stock, . . 60,000 00
N. Y., Lackawanna & Western R.R. Co. stock, 25,000 00
Chicago & Northwestern R'y Co. stock, . . 30,000 00
Chicago, Milwaukee & St. Paul R'y Co. stock, 50,000 00
Morris & Essex R.R. Co. stock, . . . 5,000 00
Great Northern R'y Co. stock, .... 66,000 00
Market Value.
$49,290 00
156,250 00
10,800 00
90,400 00
62,010 00
26,500 00
243,750 00
120,000 00
46,200 00
42,000 00
79,800 00
33,250 00
65,400 00
94,000 00
9,400 00
125,400 00
$813,000 00 $1,254,450 qq
Summary of Assets Dec 31, 1900.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Reinsurance due on losses paid,
Prem's more than three mos. due, $20,506 03
Gross assets,
Deduct special deposits in other States, .
Balance, $1,869,124 91
$300,000 00
1,254,450 00
15,616 95
12,945 28
293,575 56
8,991 07
4,746 05
$1,890,324 91
21,200 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$9,666 29
167,138 78
7,775 00
$184,580 07
12,866 bb
$171,713 52
THE GREENWICH INSURANCE CO.
243
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Due for borrowed money,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance,
Reinsurance disallowed, .
Miscellaneous, . . . .
Gross liabilities, except capital,
"Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1899
Same not collected, . . .
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all
Income from rents
Gross cash income,
.,173,529 04
931 50
117,000 00
5,000 00
50,000 00
20,124 75
9,216 79
1,913 74
[,549,429 34
19,764 34
$1,529,665 00
$339,459 91
200,000 00
$139,459 91
$222,470 40
28,051 98
$ 194,418 42
1,785,380 36
$ 1,979,798 78
295,354 45
$1,684,444 33
397.635 96
$17,526 13
347 48
$17,178 65
206.636 98
$223,815 63
18,727 14
$205,088 49
26,894 47
$1,286,808 37
sources,
178,194 02
45,429 71
16,125 00
. $1,526,557 10
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
$876,629 62
137,379 87
$739,249 75
244
THE GREENWICH INSURANCE CO.
Cash paid for marine and inland losses, . . $105,221 13
Deduct salvage and reinsurance, . . . 15,269 90
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for repairs on real estate,
for incidentals, .....
$89,951 23
20,000 00
287,248 20
133,764 17
23,910 48
470 16
228,317 84
Gross cash expenditures, .
. $1,522,911 83
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . $263,037,812 00 $1,684,496 57
Fire risks written during 1900, . . 211,775,301 00 1,785,380 36
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (incl'd above) ,
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$474,813,113 00 $3,469,876 93
164,428,586 00 1,223,500 79
$310,384,527 00 $2,246,376 14
29,559,597 00 242,701 91
$280,824,930 00 $2,003,674 23
$50,000 00 $1,035 00
. $2,090,204 00 $69,405 29
. 53,118,216 00 206,636 98
$55,208,420 00 $276,042 27
52,510,241 00 173,868 22
$2,698,179 00 $102,174 05
27,167 00 1,368 36
$2,671,012 00 $100,805 69
Miscellaneous.
Premiums received from organization of company, ,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$21,981,823 00
13,422,022 00
758,917 00
98,649 00
2,188,000 00
20,000 00
103,575 00
HANOVER FIRE INSURANCE CO.
245
"HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1852. Commenced business April, 1852.]
Paid-up Capital, $1,000,000.
CHARLES A. SHAW, President. JOSEPH McCORD, Secretary.
Detailed Statement of Stocks
United States bonds,
State of Georgia bonds, ....
Richmond, Va., city bonds,
Flint & Pere Marquette R.R. Co. bonds, .
Cent. R.R. Co. of New Jersey bonds,
Chic, Mil. & St. Paul R'y Co. bonds,
Pennsylvania Co. bonds, ....
Flint & Pere Marquette R.R. Co. bonds, .
N. Y., New Haven & Hart. R.R. Co. cert's,
Cin., Ind., St. Louis & Chic. R'y Co. bonds,
Brooklyn City R.R. bonds,
Lehigh Valley Terminal Co. bonds,
Atch., Topeka & Santa Fe R.R. Co. bonds,
Erie Railroad Co. bonds, ....
N. Y., Sus., & Western R.R. Co. bonds, .
Chic, Ind. & Louisville R'y Co. bonds, .
Colum. & Ninth Ave. (N. Y.) R.R. Co. bonds,
N. Y. city additional water stock,
N. Y. city dock bonds, ....
100 shares Rensselaer & Saratoga R.R. Co.,
340
230
400
500
1,150
495
350 '
191 '
500 '
2,860 '
450 '
500 '
500 '
220 '
350 '
400 '
700 '
150 '
7 '
60 '
Rome, Wat'n & Ogden. R.R. Co.
Chic, Burl. & Quincy R.R. Co.,
Chic, R. Isl. & Pac R'y Co.,
Chic & Northwestern R'y Co.,
N. Y. Cent. & H. R. R.R. Co.,
The Great Northern Railway Co.
Chic. & Northwestern R'y Co.,
Syr., Bing. & N. Y. R.R. Co., •
CI., Cin., Chic & St. L. R'y Co.,
Pennsylvania R.R. Co.,
Chic,. Mil. & St. Paul R'y Co.,
Beech Creek R.R. Co., .
Union Pacific R.R. Co.,
Illinois Central R.R. Co.,
Pitts., Ft. W. & Chic R'y Co.,
Erie & Pitts. R.R. Co., .
Pitts., McK. & Yough. R.R. Co.,
Morris & Essex R.R. Co., .
Chic, Ind. & Louis. R'y Co.,
Phil., Wil. & Bait. R.R. Co., .
and Bonds.
Par Value.
$148,000 00
15,000 00
50,000 00
30,000 00
60,000 00
20,000 00
36,000 00
30,000 00
25,000 00
25,000 00
25,000 00
20,000 00
25,000 00
50,000 00
25,000 00
15,000 00
10,000 00
100,000 00
75,000 00
10,000 00
34,000 00
23,000 00
40,000 00
50,000 00
115,000 00
49,500 00
35,000 00
19,100 00
50,000 00
143,000 00
45,000 00
25,000 00
50,000 00
22,000 00
35,000 00
20,000 00
35,000 00
7,500 00
700 00
3,000 00
Market Value.
$190,840 00
16,800 00
59,000 00
37,500 00
77,550 00
23,637 50
41,760 00
32,100 00
48,875 00
26,375 00
28,750 00
22,600 00
25,750 00
49,500 00
28,000 00
18,000 00
12,500 00
101,000 00
75,000 00
20,500 00
46,240 00
33,005 00
48,800 00
86,500 00
167,181 25
93,555 00
77,000 00
30,560 00
59,000 00
213,070 00
85,050 00
26,250 00
42,500 00
23,100 00
66,500 00
32,600 00
50,750 00
14,400 00
437 50
4,980 00
246
HANOVER FIRE INSURANCE CO.
550 shares Northern Pacific Railway Co.,
75 " Met. National Bank,
150 " American Exch. Nat'l Bank," .
75 " The Bank of America, .
Par Value.
$55,000 00
7,500 00
15,000 00
7,500 00
Market Value.
$48,812 50
75 00
29,550 00
35,625 00
$1,680,800 00 $2,251,578 75
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, $7,440 73
Gross assets, . . . * .
Deduct special deposits in other States, .
Balance,
£450,000 00
3,500 00
14 58
2,251,578 75
53,978 74
83,099 57
15,672 50
291,550 74
1,443 33
8,938 83
$3,159,777 04
70,200 00
$3,089,577 04
Liabilities.
Losses adjusted, unpaid, -.
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
$132,867 86
161,660 16
19,847 20
$314,375 22
71,431 54
$242,943 68
1,336,095 87
51,473 34
51,362 40
612 16
$1,682,487 45
33,162 79
1,649,324 66
. $1,440,252 38
. 1,000,000 00
Surplus over capital, $440,252 38
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$'2,500 00
5,000 00
3,500 00
HANOVER FIRE INSURANCE CO.
247
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Income from all other sources,
Gross cash income,
$271,590 81
4,386 67
$267,204 14
2,340,886 63
$2,608,090 77
298,991 47
$2,309,099 30
588,502 04
other sources,
$1,720,597 26
175 00
89,158 85
11,575 23
24,139 09
$1,845,645 43
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$1,311,853 59
200,040 85
Gross cash expenditures,
$1,111,812 74
100,000 00
345,859 22
141,944 23
61,837 45
153,203 02
$1,914,656 66
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$252,263,107 00 $2,642,342 20
. 228,988,190 00 2,340,886 63
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$481,251,297 00 $4,983,228 83
. 192,083,906 00 2,042,356 60
$289,167,391 00 $2,940,872 23
. 35,569,449 00 345,392 75
$253,597,942 00 $2,595,479 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$36,449,391 00
21,046,144 00
1,178,024 00
2,929,500 00
100,000 00
205,500 00
248
HARTFORD FIRE INSURANCE CO.
"HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, 1810. Commenced business August, 1810.]
Paid-up Capital, $1,250,000.
GEORGE L. CHASE, President. P. C ROYCE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
MtridL National Bank, Hartford, . $31,500 00 $58,275 00
American National Bank, Hart., . 15,000 00 21,750 00
Charter Oak National Bank, Hart., 20,000 00 20,000 00
City Bank, Hart., .... 16,600 00 19,256 00
Conn. River Banking Co., Hart., . 3,000 00 4,500 00
Conn. Trust & Safe Dep. Co., Hart., 30,400 00 68,400 00
Farm. & Mechan. N'l B'k, Hart., . 12,200 00 14,884 00
First National Bank, Hart., . . 17,200 00 21,500 00
Hartford National Bank, Hart., . 55,600 00 77,840 00
National Exchange Bank, Hart., . 2,000 00 2,570 00
Phoenix National Bank, Hart., . 46,700 00 58,375 00
State Bank, Hart., . . . 10,000 00 12,500 00
Amer. Exchange N'l B'k, N. Y., . 20,000 00 39,400 00
Bank of America, N. Y., . . 15,000 00 71,250 00
Bank of North America, N. Y., . 10,000 00 20,500 00
Imp. & Trad. Nat'l Bank, N. Y., . 30,000 00 157,500 00
Manhattan Co. Bank, N. Y., . . 10,000 00 27,000 00
Merchants' National Bank, N. Y., 16,700 00 30,060 00
National B'k of Commerce, N. Y., 10,000 00 32,500 00
Atlantic National Bank, Boston, . 3,900 00 4,504 50
Blackstone Nat'l Bank, Boston, . 7,000 00 1,400 00
Boylston Nat'l Bank, Boston, . 12,500 00 13,125 00
First National Bank, Boston, . 10,000 00 18,100 00
Hide & Leather Nat'l B'k, Boston, 2,400 00 2,592 00
Nat'l Bank of Commerce, Boston, 3,200 00 3,520 00
Second National Bank, Boston, . 10,900 00 19,184 00
First National Bank, Albany, . 5,000 00 6,500 00
Bank of Montreal, Montreal, . 30,000 00 78,000 00
Ontario Bank, Bowmanville, . 4,333 33 5,373 33
Chic, Burl. & Quincy R.R. Co., . 71,000 00 100,820 00
Chic, Mil. & St. Paul R.R. Co., . 77,000 00 126,370 00
Chic. & Northwestern R.R. Co., . 105,000 00 188,387 50
Chic, Rock Is. & Pac R.R. Co., . 24,200 00 -28,919 00
Conn. & Passumpsic Riv. R.R. Co., 100,000 00 105,000 00
Connecticut River R.R. Co., . . 12,000 00 3,000 00
Connecticut River R.R. Co., . . 2,000 00 5,600 00
N. Y. Central & Hud. Riv. R.R. Co., 57,500 00 81,650 00
N. Y., N. H. & Hart. R.R. Co., . 187,500 00 397,500 00
Northwestern Telegraph Co., . 25,000 00 31,250 00
HARTFORD FIRE INSURANCE CO.
249
200 shares Union Pacific R.R. Co., .
500 " N. Y., Lack. & Western R.R. Co.,
30 " Union Pacific R.R., .
Albany & Susquehanna R.R. bonds,
Alabama State bonds, ....
Brooklyn Wharf & Warehouse Co. bonds,
Baltimore & Ohio R.R. bonds, .
Belt R.R. & Stock Yards of Indianapolis bonds
Canadian Pacific R.R. bonds, .
Chesapeake & Ohio R.R. bonds,
Chicago & Western Indiana R.R. bonds, .
Chicago & Northwestern R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Great Western R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Erie R.R. bonds,
Cin., Ind'polis, St. Louis & Chic. R.R. bonds,
Cincinnati, Hamilton & Dayton R.R. bonds,
City of Toronto debenture bonds, .
Clev., Cin., Chicago & St. Louis R.R. bonds,
Clev., Columbus, Cin. & Ind'polis R.R. bonds
Connecticut River Railroad bonds, .
Central R.R. of New Jersey bonds, .
Dayton & Michigan R.R. bonds,
Detroit, Grand Rapids & Western R.R. bonds
Easton & Amboy R.R. bonds, .
Georgia State bonds, ....
Harlem River & Port Chester R.R. bonds,
Hartford Street Railway Co. bonds,
Indianapolis & Vincennes R.R. bonds,
Iowa Falls & Sioux City R.R. bonds,
Jefferson R.R. bonds, ....
Lehigh Valley R.R. bonds,
Lehigh Valley R.R. of N. Y. bonds,
Minneapolis Union R.R. bonds,
Montreal corporation bonds,
Milwaukee, Lake Shore & West. R.R. bonds,
Northern Pacific R.R. bonds, .
N. Y. Central & Hudson River R.R. bonds,
N. Y. & New England R.R. bonds, .
N. Y., New Haven & Hartford R.R. certificates
Philadelphia & Reading R.R. bonds,
Port Reading R.R. bonds, ....
Richmond, Va., city bonds,
St. Paul & Northern Pacific R.R. bonds, .
St. Louis & San Francisco R.R. bonds,
St. Louis Southern R.R. bonds,
Southern Pacific R.R. of California bonds,
Par Value.
$20,000 00
50,000 00
3,000 00
50,000 00
10,000 00
150,000 00
50,000 00
84,000 00
48,666 00
75,000 00
400,000 00
142,000 00
61,600 00
43,000 00
100,000 00
100,000 00
119,000 00
55,000 00
39,906 66
270,000 00
8,000 00
1,000 00
250,000 00
60,000 00
41,000 00
150,000 00
25,000 00
50,000 00
100,000 00
78,000 00
100,000 00
100,000 00
250,000 00
150,000 00
50,000 00
62,500 00
50,000 00
80,000 00
50,000 00
50,000 00
75,000 00
75,000 00
50,000 00
52,500 00
86,000 00
100,000 00
50,000 00
100,000 00
Market Value.
$15,700 00
67,000 00
2,527 50
56,500 00
11,100 00
105,000 00
50,500 00
96,600 00
55,965 90
90,750 00
476,100 00
159,110 00
70,290 00
46,440 00
127,000 00
121,000 00
129,710 00
64,075 00
40,704 79
273,500 00
10,800 00
1,000 00
322,500 00
67,800 00
39,770 00
169,500 00
26,500 00
56,000 00
104,000 00
92,820 00
135,000 00
105,000 00
289,000 00
167,250 00
64,000 00
67,500 00
63,000 00
84,600 00
53,000 00
57,250 00
146,250 00
93,375 00
54,500 00
55,387 50
112,660 00
113,750 00
52,000 00
109,000 00
250
HARTFORD FIRE INSURANCE CO.
Terminal Railway Asso. of St. Louis bonds,
Topeka, Kan., bonds,
Union Pacific R.R. bonds,.
Utah & Northern R.R. bonds,
United States of Mexico bonds,
West Shore R.R. bonds, .
Par Value.
$75,000 00
3,000 00
50,000 00
50,000 00
109,013 33
100,000 00
Market Value.
$86,250 00
3,000 00
53,750 00
60,000 00
109,013 33
115,000 00
$5,674,519 32 $7,178,654 35
Securities held as collateral for cash loans : —
30 shares Chicago & Northwestern R.R. Co., .
64 " Billings & Spencer Co., .
90 " Pennsylvania R.R. Co
Market Value.
$6,360 00
2,048 00
6,480 00
Loaned Thereon.
$3,800 00
1,000 00
3,000 00
$14,888 00 $7,800 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance,
$801,500 00
857,700 00
24,892 19
7,178,654 35
7,800 00
128,251 82
730,818 30
53 33
1,506,703 41
1,469 69
8,626 23
-$11,246,469 32
336,191 50
$10,910,277 82
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$232,622 44
367,659 82
54,866 14
5,483,063 67
205,005 51
140,000 00
$6,483,217 58
233,179 05
6,250,038 53
. $4,660,239 29
. 1,250,000 00
. $3,410,239 29
* Value of property mortgaged, .
Amount of insurance held as collateral,
$•2,273,950 00
6S4, 700 00
HARTFORD FIRE INSURANCE CO.
251
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Gross cash income,
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for incidentals,
Gross cash expenditures,
$1,278,824 35
9,173,794 59
$10,452,618 94
1,506,703 41
$8,945,915 53
2,212,758 22
sources,
$6,733,157 31
56,432 16
301,979 87
13,325 44
4,992 34
$7,109,887 12
$4,838,431 25
641,017 47
es,
$4,197,413 78
400,000 00
1,179,897 29
496,465 93
221,328 42
637,177 90
$7,132,283 32
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$936,652,392 00 $10,496,472 15
777,262,712 00 9,173,794 59
Total, . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$1,713,915,104 00 $19,670,266 74
733,463,672 00 8,626,704 41
$980,451,432 00 $11,043,562 33
6,934,705 00 76,120 75
$973,516,727 00 $10,967,441 58
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (32 per cent.),
Company's stock owned by directors, ....
$113,959,825 00
67,795,849 00
4,196,978 00
9,938,100 00
400,000 00
180,900 00
252
HOME INSURANCE CO.
» HOME INSURANCE COMPANY," NEW YORK, X
[Incorporated April, 1853. Commenced business April 13, 1853.]
Paid-up Capital, $3,000,000.
JOHN H. WASHBURN, j nce . Presidents . A. M. BURTIS, I
ELBRIDGE G. SNOW, ) WM. H. CHKNJ.
Detailed Statement of Stocks
District of Columbia bonds,
United States bonds, .
New York city bonds,
City of Richmond, Va., bonds,
State of Georgia bonds, .
N. Y., Chic. & St. Louis R.R. Co. bonds,
Ohio & West Virginia R'y Co. bonds,
Cleve., Col., Cin. & Ind. R.R. bonds,
Louis., New Albany & Chic. R 1 y bonds,
West Shore R'y bonds,
Jeffer., Mad. & Ind. R.R. Co. bonds,
Chic, St. Paul, Minn. & Oma. R'y Co. bonds,
Virginia Midland R'y Co. bonds,
Cleve. Term. & Valley R.R. Co. bonds,
Louis., Hend. & St. Louis R'y Co. bonds,
Standard Gas Light Co. bonds,
Des Moines Water Works Co. bonds,
Denver Union Water Co. bonds,
10,000 shares Pennsylvania R.R. Co.,
5,000 '
3,000 '
3,000 '
3,000 '
2,650 '
2,500 '
5,000
2,500 '
2,000
1,500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
400
200
Co.,
Morris & Essex R.R. Co.,
Baltimore & Ohio R.R. Co.,
Southern R'y Co.,
Louisville & Nash. R'y Co.,
United N. J. R.R. & C'l Co
Pitts., Ft. W. & Chic. R'y,
Chic, Mil. & St. P'l R'y Co
Chic, Burl. & Quincy R.R.
Northern Pacific R'y Co.,
Cleve. & Pitts. R.R. Co.,
Ch., St. P., M. & O. R'y Co
Ft. Wayne & Jack. R.R. Co
Renssel. & Saratoga R.R.,
Conn. River R.R. Co., .
Chic & Northwes'n R'y Co
Northern R.R. of N. J.,
Valley R.R. Co., .
N. Y, N. H. & H. R.R. Co.,
Atch., Top. & S. F. R'y Co.,
Union Pacific R R. Co.,
National Broadway Bank, .
Amer. Exch. N'l Bank of N. Y.,
and Bonds.
Par Value.
1,000,000 00 ?1
600,000 00
600,000 00
50,000 00
25,000 00
112,000 00
100,000 00
100,000 00
100,000 00
100,000 00
58,000 00
50,000 00
50,000 00
50,000 00
25,000 00
50,000 00
50,000 00
48,000 00
500,000 00
250,000 00
300,000 00
300,000 00
300,000 00
265,000 00
250,000 00
500,000 00
250,000 00
200,000 00
75,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
100,000 00
10,000 00
20,000 00
. Y.
Secretaries.
Market Value.
,230,000 00
828,000 00
600,000 00
57,500 00
26,000 00
119,840 00
120,000 00
130,000 00
116,000 00
113,000 00
65,540 00
65,000 00
55,000 00
47,500 00
25,000 00
56,500 00
45,000 00
43,200 00
725,000 00
470,000 00
255,000 00
210,000 00
255,000 00
720,800 00
465,000 00
812,500 00
350,000 00
170,000 00
138,750 00
170,000 00
145,000 00
198,000 00
270,000 00
200,000 00
95,000 00
130,000 00
210,000 00
85,000 00
80,000 00
23,000 00
38,000 00
HOME INSURANCE CO.
253
200 shares Mercantile Nat'l Bank of N. Y.,
200 " National B*k of Com. in N. Y.,
200 " Fourth National Bank of N. Y.,
200 " Manhattan Company, N. Y., .
200 " Merch. Ex. N'l B'k of N. Y., .
200 " Nassau Bank, ....
200 " Chatham Nat'l Bank of N. Y.,
200 " N'l Butch. & Drov. B'k of N. Y.,
100 " Bank of America, N. Y., .
100 " N'l B'k of the Repub. of N. Y.,
200 " Franklin Tr. Co., Brooklyn, .
50 " Metropolitan Trust Co., .
100 " Long Island Loan & Trust Co.,
Securities held as collateral for cash loans
Des Moines & Ft. Dodge R.R. bonds,
460 shares National Bank of North America,
358 " Ga. R R. & Banking Co.,
50 " National Bank of Commerce,
5 " Continental National Bank,
100 " Western Union Telegraph Co
Indiana, Illinois & Iowa R.R. bonds,
St. Louis & San Francisco R.R. bonds,
Burl., Cedar Rapids & Northern R.R. bonds,
75 shares The Rio Grande Western R'y Co.,
50 " The Union Bag & Paper Co., .
700 " Nat'l Bank of the Republic, N. Y.
Indiana, Decatur & Western R.R. bonds, .
Northern Pacific R'y Co. bonds,
Western N. Y. & Pennsylvania R.R. bonds,
Cleve., Cin., Chic. & St. Louis R.R. bonds,
Minneapolis & St. Louis R.R. bonds,
N. Y., Brook. & Manhattan Beach R.R. bonds
Long Island City & Flushing R.R. bonds,
Minneapolis & St. Louis R.R. bonds,
N. Y., Brook. & Manhattan Beach R.R. bonds
Par Value.
$ 20,000 00
20,000 00
20,000 00
10,000 00
10,000 00
10,000 00
5,000 00
5,000 00
10,000 00
10,000 00
20,000 00
5,000 00
10,000 00
Market Value.
$44,000 00
60,000 00
34,000 00
26,000 00
12,000 00
17,000 00
15,000 00
4,250 00
46,000 00
22,000 00
55,000 00
20,000 00
24,000 00
$7,543,000 00 $ 10,338,380 00
Market Value.
$47,300 00
92,000 00
82,340 00
15,000 00
675 00
8,450 00
6,480 00 n
2,000 00 i
2,360 00 )
7,125 00 )
3,625 00 S
154,000 00
2,080 00 s
3,150 00 |
2,440 00 J.
2,000 00 I
1,940 00 J
5,400 00 )
1,070 00 S
1,940 00
1,080 00
Loaned Thereon.
$25,000 00
50,000 00
35,000 00
5,500 00
575 00
6,500 00
6,500 00
5,000 00
100,000 00
8,000 00
5,000 00
1,500 00
800 00
$442,455 00 $249,375 00
Summary of Assets Dec. 31, 1900.*
Cash value of unencumbered real estate, . $1,718,265 81
Loans on mortgage of real estate (first liens f), 160,400 00
* The company holds also instalment premium notes to the amount of $866,746.70, which
do not enter into or form any part of the assets of the company, as no portion of them is
earned. Whatever value is attached to them would necessarily be counterbalanced by
the addition of an amount exactly equal to the reinsurance liability, the entire sum con-
sisting of " unearned premiums."
t Value of lands mortgaged, $207,450 00
Value of buildings thereon 166,750 00
Amount of insurance held as collateral, .... 153,200 00
254
HOME INSURANCE CO.
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Prem's more than three mos. due, $6,542 82
Gross assets,
Deduct special deposits in other States, .
$3,471 87
10,338,880 00
249,375 00
514,815 89
44,192 67
997,434 26
496 72
Balance,
-f 14,026,832 22
145,000 00
$13,881,832 22
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$127,725 37
744,223 96
47,350 71
$919,300 04
389,981 23
$529,318 81
4,715,898 00
44,170 13
220,720 75
18 33
$5,510,126 02
127,314 66
5,382,811 36
Surplus as regards policy holders,
Paid-up capital, ....
. $8,499,020 86
. 3,000,000 00
Surplus over capital, $5,499,020 86
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$937,557 07
7,118,740 23
$8,056,297 30
908,729 04
$7,147,568 26
2,556,490 71
$4,591,077 55
HOME INSURANCE CO.
255
Marine premiums outstanding Dec. 31, 1899, . $90,832 46
Premiums on risks written or renewed, . . 527,964 03
Total, $618,796 49
Premiums now in course of collection, . . 95,248 04
Entire premiums collected, .... $523,548 45
Less reinsurance and return premiums, . . 264,709 12
Net cash marine premiums received, . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for expense on real estate,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
$258,839 33
10,695 44
382,783 32
166,773 25
$5,410,168 89
$3,598,038 25
1,059,901 42
$325,937 42
150,970 12
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$1,010,248,104 00
804,810,239 00
$1,815,058,343 00
729,201,046 00
$1,085,857,297 00
167,967,353 00
!,538,136 83
174,967 30
300,000 00
869,200 63
419,159 23
164,126 76
56,679 96
58,501 68
370,950 18
$4,951,722 57
Premiums.
$9,097,657 00
7,118,740 23
>16,216,397 23
6,269,647 23
$9,946,750 00
1,139,238 00
$917,889,944 00 $8,807,512 00
$18,501,346 00 $443,005 00
. 82,976,503 00 527,964 03
$101,477,849 00 $970,969 03
. 82,026,143 00 430,777 03
$19,451,706 00 $540,192 00
. 6,283,131 00 172,940 00
$13,168,575 00 $367,252 00
256
HOME FIRE AND MARINE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
8133,822,730 00
79,347,276 00
2,637,922 00
202,994 00
11,215,000 00
300,000 00
166,700 00
"HOME FIRE AND MARINE INSURANCE COMPANY OF
CALIFORNIA," SAN FRANCISCO, CAL.
[Incorporated September, 1864. Commenced business 1864.]
Paid-up Capital, $300,000.
WM. J. DUTTON, President. STEPHEN D. IVES, Secretary.
Detailed Statement of Stocks
Dalles City (Ore.) Water Co. bonds,
Market St. Railway Co. bonds,
Oakland Gas Light & Heat Co. bonds,
Stockton Gas & Electric Co. bonds, .
The Omnibus Cable Co. bonds,
San Francisco & North Pacific R.R. Co. bonds
Spring Valley Water Works bonds,
Sunset Telephone & Telegraph Co. bonds,
San Fran. & San Joaquin Valley R'y Co. b'ds
Northern Railway Co. of Cal. bonds,
Presidio & Ferries R.R. bonds, .
The Southern Pacific R.R. Co. of Arizona b'ds
Northern California Railway Co. bonds, .
Los Angeles Railway Co. bonds,
Sunset Telephone & Telegraph Co. bonds,
American Hawaiian S. S. Co. bonds,
50 shares Far. & Merch. Sav. B'k, Oak., Cal
14 '
200 '
20 '
490 ■
270 '
' Bank of California, San Francisco
' Oak. Gas Light & H. Co., Oak., Cal.
1 First National Bank, San Francisco
4 San Fran. G. & Elec. Co., San Fran.
1 Market St. R 1 y Co., San Francisco,
1 share South San Francisco Dock Co.,
100 shares San Jose Water Co., San Jose, Cal
150 " Spring Valley W. Works, San Fran
64 " California St. Cable R.R. Co., .
34 " Anglo-Cal.B'k.lim., San Fran., Cal.
100 " Presidio & Ferries R.R. Co., .
100 " Contra Costa Water Co. of Oakland
and Bonds.
Par Value.
$10,000 00
44,000 00
9,000 00
5,000 00
10,000 00
10,000 00
5,000 00
10,000 00
25,000 00
10,000 00
11,000 00
5,000 00
5,000 00
7,000 00
10,000 00
10,000 00
5,000 00
1,400 00
14,000 00
2,000 00
49,000 00
13,500 00
1,000 00
10,000 00
15,000 00
3,840 00
1,700 00
5,500 00
10,000 00
Market Value.
$11,100 00
53,900 00
9,990 00
5,050 00
12,800 00
11,500 00
5,700 00
12,000 00
30,000 00
11,400 00
11,110 00
5,675 00
5,500 00
7,805 00
10,700 00
10,000 00
6,000 00
5.740 00
9,800 00
6,200 00
22,295 00
18,833 00
500 00
10,000 00
13,987 00
8,288 00
2,550 00
2,000 00
7,100 00
$317,940 00 $327,523 00
HOME FIRE AND MARINE INSURANCE CO.
257
Securities held as collateral for cash loans : —
600 shares Sutter St. R.R. Co., ....
400 " Watsonville Water & Light Co., .
25 " Bank of Hay wards, Hay wards, Cal.,
10 " Oak., San Lean. & Hay. E. R.R. Co.,
20 " Cal. Title Ins. & Trust Co., San Fran,
Market Value. Loaned Thereon.
$60,000 00
16,000 00
1,250 00
450 00
1,600 00
$33,000 00
10,000 00
1,500 00
1,000 00
879,300 00 $45,500 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, ....
Deduct special deposits in other States, .
$234,250 00
239,919 00
3,821 45
327,523 00
45,500 00
1,510 95
76,832 26
202 50
108,156 23
$1,037,715 39
51,100 00
Balance, $986,615 39
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
$1,779 54
36,632 67
$38,412 21
3,921 90
$34,490 31
365,954 47
15,371 10
1,753 06
1,103 30
$418,672 24
19,473 28
399,198 96
Surplus as regards policy holders, $587,416 43
Paid-up capital, 300,000 00
Surplus over capital, $287,416 43
* Value of lands mortgaged $503,225 00
Value of buildings thereon 169,200 00
Amount of insurance held as collateral, . . . . 110,850 00
258
HOME FIRE AND MARINE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
872,773 54
595,461 57
$668,235 11
93,609 64
$574,625 47
148,406 61
$16,843 91
106,638 29
$123,482 20
14,546 59
$108,935 61
18,409 96
sources,
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$274,324 50
39,424 18
$56,852 21
1,048 54
$426,218 86
90,525 65
15,706 28
17,662 19
9,957 22
$560,070 20
$234,900 32
55,803 67
36,000 00
78,394 00
66,546 04
12,744 50
29,940 93
$514,329 46
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
. $49,103,187 00 $635,841 70
. 45,830,616 00 595,461 57
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$94,933,803 00 $1,231,303 27
37,633,599 00 483,464 95
. $57,300,204 00 $747,838 32
. 5,227,130 00 77,330 38
12,073,074 00 $670,507 94
HOPE MUTUAL FIRE INSURANCE CO.
259
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$742,922 00
12,158,696 00
$12,901,618 00
10,858,063 00
$2,043,555 00
112,125 00
Premiums.
$43,875 55
106,638 29
$150,513 84
94,381 47
$56,132 37
5,533 43
fl,931,430 00 $50,598 94
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$11,053,838 00
5,169,083 00
247,825 00
62,848 00
1,056,500 00
36,000 00
1,400 00
"HOPE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated March, 1875. Commenced business April, 1875.]
LEWIS T. DOWNES, President. JOSEPH T. DAY, Secretary.
Detailed Statement of Stocks,
200 shares Chicago & Northwestern R.R.,
110 "
220 "
150 '
70 '
50 '
100 '
100 '
' Chic, Rock Island & Pacific R.R.,
' Pennsylvania R.R., .
' Illinois Central R.R.,
' Rensselaer & Saratoga R.R., .
' Indianapolis Gas Co.,
1 Chic, Burlington & Quincy R.R.,
' Union Gas & Electric Co.,
N. Y., West Shore & Buffalo R.R. bonds,
Indianapolis Gas Co. bonds,
Bonds, etc.
Par Value.
$20,000 00
11,000 00
11,000 00
15,000 00
7,000 00
2,500 00
10,000 00
10,000 00
2,000 00
10,000 00
Market Value.
$34,400 00
13,310 00
16,280 00
15,600 00
14,140 00
2,000 00
14,300 00
10,000 00
2,320 00
10,000 00
$98,500 00 $132,350 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (fir
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash loans, ....
st liens*),
$8,000 00
100 00
132,350 00
75,568 23
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral, .
6-20,000 00
10,000 00
6,000 00
260
HOPE MUTUAL FIRE INSURANCE CO.
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
£3,049 55
30,233 37
2,223 78
4,835 41
$256,365 34
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes.
Gross liabilities, .
Net cash assets,
S69 31
1,624 35
131,698 33
5,263 51
138,655 .50
$117,709 84
Income.
Premiums outstanding Dec. 31, 1899, . . $3,309 29
Premiums on risks written or renewed, . . 276,886 38
Total, $280,195 67
Premiums now in course of collection, . . 4,835 41
Entire premiums collected, .... $275,360 26
Less reinsurance and return premiums, . . 13,900 45
Xet cash premiums received, ....
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$261,459 81
1,715 75
400 00
8,461 93
$272,037 49
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections,
for incidentals, .
Gross cash expenditures, f 256,213 31
$39,944 17
195,639 61
8,226 00
5,104 64
960 00
4.31
2,02* •
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $26,094,668 00 $236,083 74 $1,180,4. '
Risks written during 1900, . 32,314,091 00 276,886 38 1,384,431 90
Total, $58,408,759 00 $512,970 12 $2,564,850 60
Risks terminated during 1900, . 28,590,516 00 249,573 47 1,247,867 35
In force at end of year,
. $29,818,243 00 $263,396 65 $1,316,983 25
INDEMNITY FIRE INSURANCE CO.
261
Miscellaneous.
Losses incurred during the year, . . .
Profits or surplus returned during 1900, 83.53 per cent.
137,391 00
"INDEMNITY FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated 1897. Commenced business Oct. 1, 1898.]
Paid-up Capital, $200,000.
J. MONTGOMERY HARE, President. J. H. BURGER, Secretary.
Detailed Statement of Stocks
United States bonds,
New York city loan,.
Norfolk & Western R'y stock, .
Southwestern R.R. Co. of Georgia stock,
Twin City Rapid Transit stock,
Allegheny & Western R'y stock,
Union Pacific R'y Co. stock,
Northern Pacific R'y Co. stock,
and Bonds.
Par Value.
$200,000 00
25,000 00
5,000 00
20,000 00
20,000 00
5,000 00
40,000 00
5,000 00
Market Value.
$214,000 00
25,375 00
4,075 00
22,200 00
28,400 00
6,125 00
33,500 00
4,362 50
§320,000 00 $338,037 50
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $1,467 30
Gross assets,
$338,037 50
240 56
14,441 22
1,625 02
25,307 35
$379,651 65
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
$11,008 97
6,803 16
50 00
$17,862 13
2,386 52
$15,475 61
85,298 79
815 02
1,081 00
5,411 55
262
INDEMNITY FIRE INSURANCE CO.
Return premiums, ....
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
$1,619 94
951 47
$110,653 38
$268,998 27
200,000 00
$68,998 27
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources,
$15,193 39
216,132 93
$231,326 32
26.774 65
$204,551 67
73,580 94
|130,970 73
10,300 10
Gross cash income, $141,270 83
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
,422 74
13,410 47
$67,012 27
25,413 09
11,809 74
2,849 11
17,982 46
$125,066 67
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$10,441,800 00
. 19,636,913 00
. $30,078,713 00
. 13,016,178 00
.$17,062,535 00
. 2,637,070 00
Premiums.
$106,311 00
216,132 93
$322,443 93
131,494 56
$190,949 37
33,537 74
.$14,425,465 00 $157,411 63
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$225,919 00
104,365 00
76,340 00
3,500 00
THE INSURANCE CO. OF NORTH AMERICA.
263
" PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY
OF NORTH AMERICA," PHILADELPHIA, PA.
[Incorporated April 14, 1794. Commenced business 1792.]
Paid-up Capital, $3,000,000.
CHARLES PLATT, President. GREVILLE E. FRYER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Territory of New Mexico bonds, . . . $2,000 00 $2,360 00
Georgia State loan, 25,000 00 28,250 00
Grant County, New Mexico, bonds, . . . 8,000 00 8,000 00
Boston, Mass., city bonds, .... 112,000 00 123,200 00
Baltimore, Md., city bonds, .... 200,000 00 200,000 00
City of Chicago bonds, 6,500 00 6,630 00
County of Colfax, New Mexico, bonds, . . 100 00 100 00
City of Columbus, Ohio, bonds, . . . 25,000 00 25,500 00
Cincinnati city bonds, 20,000 00 21,600 00
City of Portland, Ore., bonds, .... 50,000 00 60,000 00
Richmond, Va., city bonds 53,000 00 55,650 00
City of Montreal, Canada, bonds, . . . 111,000 00 120,990 00
Toledo, Ohio, water works bonds, . . . 1,000 00 1,030 00
City of Raton, New Mexico, bonds, ... 200 00 200 00
County of Delaware, Pa., bonds, . . . 50,000 00 50,000 00
Atch., Topeka & Santa Fe R'y bonds, . . 100,000 00 103,000 00
Baltimore & Ohio R.R. bonds, .... 130,000 00 126,000 00
Belt R.R. & Stockyard Co. bonds, . . . 50,000 00 56,000 00
Bergen County R.R. Co. bonds, . . . 50,000 00 56,000 00
Baltimore & Potomac R.R. bonds, .... 5,000 00 5,850 00
Cleveland, Lorain & Wheeling R'y bonds, . 50,000 00 55,000 00
Cincinnati, Hamilton & Dayton R.R. bonds, . 50,000 00 55,000 00
Camden & Atlantic R.R. bonds, . . . 50,000 00 52,500 00
Chicago, St. Louis & New Orleans R.R. bonds, 50,000 00 50,000 00
Chicago, Rock Island & Pacific R'y bonds, . 100,000 00 107,000 00
Chicago & Erie R.R. bonds, .... 50,000 00 59,500 00
Chicago & Western Indiana R.R. bonds, . . 27,000 00 28,350 00
Choc, Oklahoma & Gulf R.R. bonds, . . 50,000 00 53,500 00
Choctaw & Memphis R.R. bonds, . . . 50,000 00 53,500 00
Delaware River R.R. & Bridge Co. bonds, . 50,000 00 54,000 00
Delaware & Chesapeake R'y bonds, . . 100,000 00 100,000 00
Empress Elizabeth R'y of Austria bonds, . 40,000 00 40,000 00
Erie R.R. bonds, 100,000 00 97,000 00
Jefferson R.R. bonds, 39,000 00 40,560 00
Lehigh Coal & Navigation Co. bonds, . . 100,000 00 106,000 00
Lehigh Valley R.R. bonds, .... 50,000 00 50,500 00
Lehigh Valley R'y bonds, .... 50,000 00 54,000 00
Lehigh Valley Terminal R'y bonds, . . 40,000 00 44,400 00
Louisville & Nashville R.R. bonds, . . . 59,000 00 66,080 00
264
THE INSURANCE CO. OF NORTH AMERICA.
McKeesport & Belle Vernon R.R. bonds,
N. Y., Lake Erie & Western R.R. bonds,
N. Y., Philadelphia & Norfolk R.R. bonds,
Norfolk & Western R'y bonds,
North Pennsylvania R.R. bonds,
Northern Central Railway bonds,
Northern Pacific R'y bonds,
Pennsylvania Railroad bonds, .
Penn. & N. Y. Canal & R.R. bonds,
Philadelphia & Baltimore Cent. R.R. bonds,
Philadelphia & Erie R.R. bonds,
Philadelphia & Reading R.R. bonds,
Pitts., McKeesport & Yough. R.R. bonds,
Read. Co. & Phil. & Read. C'l & Pn Co. bonds
San Antonio & Aransas Pass R'y bonds, .
Steubenville & Indiana R.R. bonds,
Terminal Railroad Asso. of St. Louis bonds,
Texas & Pacific R.R. bonds,
Tioga R.R. bonds,
Union Pacific R.R. bonds, ....
West Jersey & Seashore R.R. bonds,
West Shore R.R. bonds, ....
Western N. Y. & Penn. R'y bonds, .
Wilmington & Weldon R.R. bonds, .
Consolidated Traction Co., N. J., bonds, .
Equitable Illuminating Gas Light Co. bonds,
Prospect Brewing Co. bonds, .
Car Trust of N. Y. bonds,
Atlantic Mutual Insurance scrip,
Belgian government bonds,
Brooklyn Wharf & Warehouse Co. bonds,
100 shares Philadelphia National Bank,
70
228
500
500
100
1,000
1,500
Philadelphia Bourse, .
Chesa. & Del. Canal Co.,
North American Wrecking Co.,
North Penn. R.R. Co., .
Del. & Bound Brook R.R., .
Philadelphia Traction Co., .
Company's own stock, $33,000 00
Securities held as collateral for cash loans
New Jersey Consol. Traction Co. bonds,
City of Philadelphia bonds,
Lehigh Valley R.R. Co. bonds,
Cambria Iron Co stock, .
Calumet & Hecla Mining Co. stock,
Par Value.
$20,000 00
200,000 00
50,000 00
100,000 00
5,000 00
10,000 00
200,000 00
50,000 00
75,000 00
100,000 00
150,000 00
200,000 00
50,000 00
100,000 00
21,000 00
200,000 00
40,000 00
19,000 00
5,000 00
150,000 00
50,000 00
25,000 00
50,000 00
50,000 00
100,000 00
100,000 00
25,000 00
4,000 00
57,540 00
49,000 00
30,000 00
10,000 00
2,750 00
11,400 00
50,000 00
25,000 00
10,000 00
50,000 00
Market Value.
$25,000 00
234,000 00
51,500 00
100,000 00
5,850 00
10,700 00
206,000 00
56,000 00
76,500 00
103,000 00
180,000 00
212,500 00
67,000 00
93,000 00
16,800 00
230,000 00
46,000 00
19,950 00
5,250 00
157,500 00
54,500 00
28,750 00
47,50?) 00
52,500 00
109,000 00
107,000 00
25,000 00
4,000 00
60,417 00
49,000 00
22,500 00
24,100 00
950 00
200 00
29,000 00
53,500 00
18,500 00
99,000 00
$4,548,490 00 $4,899,217 00
Market Value.
$10,900 00
5,270 00
2,600 00
4,500 00
41,250 00
Loaned Thereon.
$7,500 00
7,000 00
1,000 00
25,000 00
THE INSURANCE CO. OF NORTH AMERICA.
265
Bethlehem Iron Co. stock, ....
Reading Co. & P. & R. Coal & Iron Co. bonds,
Atch., Topeka & Santa Fe R'y stock,
Metropolitan Street R'y Co. stock, .
Tenn. Coal, Iron & R.R. Co. stock, .
Market Value. Loaned Thereon.
$5,900 00 |4,200 00
4,800 00^
8,900 00 J
34,400 00
12,800 00
J. 50,000 00
J
8131,320 00 $94,700 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Reinsurance due on losses paid,
Gross assets,
Deduct special deposits in other States, .
Balance,
$855,696 70
1,712,184 05
20,993 19
4,899,217 00
94,700 00
916,001 32
1,007,523 81
39,593 19
4,453 08
),550,362 34
258,300 00
1,292,062 34
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance and salvage,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
State and local taxes,
Commissions and brokerage, .
Reinsurance disallowed, .
Miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$103,943 48
539,577 52
41,111 00
$684,632 00
126,310 00
$558,322 00
3,614,742 31
765,309 20
20,742 30
33,500 00
7,063 19
39,912 18
^5,039,591 18
137,644 00
4,901,947 18
$4,390,115 16
3,000,000 00
$1,390,115 16
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$1,9-26,341 00
2,160,899 00
1,595,600 00
266
THE INSURANCE CO. OF NORTH AMERICA.
Income.
Fire premiums outstanding Dee. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Profit on sale of securities,
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
§629,709 01
5,301,601 39
$5,931,310 40
740,209 84
$5,191,100 56
1,091,467 02
$338,678 26
2,230,060 44
£2,568,738 70
306,907 16
$2,261,831 54
449,865 01
sources,
$14,387 69
?4,099,633 54
1,811,966 53
105,580 38
224,117 28
29,584 69
* 185,608 58
1,776 2S
$6,458,267 23
Expenditures.
Cash paid for fire losses, $3,131,778 70
Deduct salvage and reinsurance, . . . 377,676 35
Net cash paid for fire losses,
Cash paid for marine and inland losses, . . f 1,639,025 34
Deduct salvage and reinsurance, . . . 501,431 82
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for expense on real estate,
for incidentals,
Deposits returned on perpetual fire risks, . 822,407 07
$2,754,102 35
1,137,593 52
360,000 00
1,109,958 56
336,142 40
120,221 72
19,891 19
14,000 29
262,617 32
Gross cash expenditures,
$6,114,527 35
INTERNATIONAL INSURANCE CO.
267
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, . . *.
Perpetual risks in force (not incl'd above),
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
#638,052,347
558,082,870
Premiums.
00 $6,215,785 32
00 5,301,601 39
$1,196,135,217
520,821,602
00$11,517,386 71
00 4,854,077 40
$675,313,615
31,894,982
00 $6,663,309 31
00 317,258 54
$643,418,633
$33,406,089
. $4,947,925
398,754,420
00 $6,346,050 77
00 $841,598 40
00 $224,215 33
00 2,230,060 44
$403,702,345
398,456,504
00 $2,454,275 77
00 2,218,567 37
$5,245,841 00 $235,708 40
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, .
$148,844,445 00
104,168,852 00
2,725,838 00
1,148,794 00
14,893,934 00
360,000 00
101,390 00
"INTERNATIONAL INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated February, 1898. Commenced business February, 1898.]
Paid-up Capital, $200,000.
HUGO SCHUMANN, President. , GUSTAV KEHR, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $110,000 00 $116,050 00
Chesapeake & Ohio R'y Co. bonds, . . . 10,000 00 12,000 00
Chicago, Rock Island & Pacific R'y bonds, . 15,000 00 16,350 00
Metropolitan St. Railway bonds, . . . 10,000 00 12,200 00
Consolidated stock of city of N. Y. bonds, . 85,000 00 90,737 50
Wabash R.R. Co. bonds 10,000 00 11,700 00
220 shares Pennsylvania R.R. Co., . . . 11,000 00 15,950 00
150 " Pullman's Palace Car Co., . . 15,000 00 30,000 00
150 " Atchison, Topeka & Santa Fe R.R., 15,000 00 13,275 00
$281,000 00 $318,262 50
268
INTERNATIONAL INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, ■.
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance, .....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$318,262 50
267 81
24,535 66
550 00
7,393 41
|4,796 40
4,826 80
2,200 00
$11,823 20
6,083 36
$5,739 84
55,321 29
1,873 35
1,183 62
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899, . $10,889 84
Premiums on risks written or renewed, . . 110,215 02
Total, $121,104 86
Premiums now in course of collection, . . 7,393 41
Entire premiums collected, .... $113,711 45
Less reinsurance and return premiums, . . 40,032 43
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
£351,009 38
64,118 10
$286,891 28
200,000 00
$86,891 28
$73,679 02
10,727 75
Gross cash income, $84,406 77
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$90,411 42
41,581 17
$48,830 25
18,586 29
4,252 80
2,847 13
1,611 89
|76,128 36
KINGS COUNTY FIRE INSURANCE CO.
269
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$18,467,899 00
. 17,261,579 00
. $35,729,478 00
. 19,603,648 00
.$16,125,830 00
. 1,054,748 00
Premiums.
$136,550 44
110,215 02
$246,765 46
135,412 44
$111,353 02
13,454 54
.$15,071,082 00 $97,898 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$277,547 00
127,874 00
34,006 00
37,200 00
"KINGS COUNTY FIRE INSURANCE COMPANY," NEW YORK,
N. Y.
[Incorporated Oct. 21, 1858. Commenced business Oct. 21, 1858.]
Paid-up Capital, $200,000.
FRANK LOCKE, President. CHRIS I. WOLF, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$100,000 00
10,000 00
10,000 00
10,000 00
10,000 00
50,000 00
New York city bonds, ....
West Shore R.R. bonds, ....
N. Y. Central & Hudson River R.R. bonds,
Tenth & Twenty-third Sts. F«rry Co. stock,
Great Northern R.R. Co. stock,
Consolidated Gas Co. of New York stock,
Market Value.
$111,500 00
11,600 00
• 9,650 00
7,500 00
19,150 00
98,500 00
8190,000 00 $257,900 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $70,000 00
Loans on mortgage of real estate (first liens *), 10,100 00
Interest due or accrued thereon, . . . 85 17
Stocks and bonds, as per schedule, . . . 257,900 00
Cash in the office of the company, . . . 11 02
Cash deposited in bank, 9,330 66
* Value of lands mortgaged, ....
Value of buildings thereon,
Amount of insurance held as collateral, .
$13,400 00
11,700 00
12,000 00
270
KINGS COUNTY FIRE INSURANCE CO.
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
$719 84
22,449 72
480 66
9 61
$371,086 68
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$2,025 25
10,258 00
300 00
$ 12,583 25
4,068 00
£8,515 25
62,836 03
3,318 23
2,701 48
99 45
77,470 44
£293,616 24
200,000 00
Surplus over capital, $93,616 24
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
»
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course Of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
from sale of securities,
from all other sources,
£18,446 66
1,473 33
$16,973 33
149,168 33
£166,141 66
22,449 72
$143,691 94
41,535 81
sources,
£102,156 13
511 00
9,859 96
4,030 92
19,447 35
113 72
Gross cash income,
£136,119 08
LAFAYETTE FIRE INSURANCE CO.
271
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$71,882 04
10,268 85
$61,613 19
10,000 00
25,912 02
8,563 42
5,310 75
12,845 90
$124,245 28
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total, . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $9,771,590 00
. 17,253,880 00
Premiums.
$71,964 29
149,168 33
$27,025,470 00 $221,132 62
11,434,693 00 89,041 62
.$15,590,777 00 $132,091 00
. 1,616,841 00 17,759 37
.$13,973,936 00 $114,331 63
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the }'ear, .
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, .
$3,044,856 00
1,431,839 00
61,242 00
790,264 00
10,000 00
7,340 00
"LAFAYETTE FIRE INSURANCE COMPANY OF NEW YORK/ 1
NEW YORK, N. Y.
[Incorporated Feb. 10, 1897. Commenced business Feb. 11, 1897.]
Paid-up Capital, $200,000.
ALLEN W. ADAMS, President. EDWARD IT. BETTS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds $85,000 00
District of Columbia bonds, .... 25,000 00
Massachusetts State bond?, .... 55,000 00
New York city bonds, 90,000 00
Market Value.
$117,300 00
31,125 00
61,275 00
99,700 00
$255,000 00 $309,400 00
272
LAFAYETTE FIRE INSURANCE CO.
Summary of Assets Dec. 81, 1900.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, ...
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$309,400 00
37,695 67
1,763 55
46,115 21
$15,589 10
135,193 27
15,371 74
689 76
2,290 23
$394,974 43
169,134 10
$225,840 33
200,000 00
Surplus over capital, $25,840 33
Income.
Fire premiums outstanding Dec. 31, 1899, . $42,314 54
Same not collected, 7,906 90
Net collected, $34,407 64
Premiums on risks written or renewed, . . 323,703 42
Total $358,111 06
Premiums now in course of collection, . . 46,115 21
Entire premiums collected, .... $311,99585
Less reinsurance and return premiums, . . 81,983 41
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Received for increased surplus, . . . $48,000 00
Gross cash income,
$230,012 44
9,936 70
1239,949 14
Expenditures,
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for incidentals,
$192,028 75
15,249 43
$176,779 32
67,920 53
2,345 00
6,280 14
1,283 13
Gross cash expenditures,
$254,608 12
THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 273
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $19,570,055 00
. 29,788,455 00
.$49,358,510 00
. 24,768,818 00
. $24,589,692 00
. 1,932,896 00
Premiums.
$206,301 71
323,703 42
$530,005 13
252,808 32
$277,196 81
17,072 77
. $22,656,796 00 $260,124 04
Miscellaneous.
Premiums received from reorganization of company,
Losses paid from reorganization of company,
Fire losses incurred during the year, ....
Cash dividends declared from reorganization of company,
Company's stock owned by directors, ....
$792,452 00
404,246 00
166,301 00
28,500 00
149,200 00
"THE LIVERPOOL AND LONDON AND GLOBE INSURANCE
COMPANY OF NEW YORK," NEW YORK, N. Y.
[Incorporated 1896. Commenced business 1897.J
Paid-up Capital, $200,000.
HENRY W. EATON, President. GEO. W. HOYT, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds,
New York city bonds,
Par Value. Market Value.
$35,000 00 $40,775 00
195,000 00 * 211,575 00
$230,000 00 $252,350 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $163 4
Gross assets,
Deduct special deposits in other States, .
Balance,
$252,350 00
56,804 84
46,226 00
$355,380 84
11,650 00
$343,730 84
Liabilities.
Losses claimed and reported, .
Less reinsurance,
Net amount of unpaid losses, .
$17,420 00
5,715 00
$11,705 00
274 THE LIVERPOOL AND LONDON AND GLOBE INSURANCE OO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Reserve for contingent liabilities, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$56,328 14
3,403 65
5,000 00
97 58
4,000 00
,534 37
8,205 05
$72,329 32
$271,401 52
200,000 00
171,401 52
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
$15,188 20
170,218 22
$185,406 42
46,389 41
$139,017 01
75,603 99
Gross cash income,
$63,413 02
9,225 47
$72,638 49
Expenditures.
Cash paid for fire losses,
Deduct reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$41,581 82
10,590 47
Gross cash expenditures,
$30,991 35
13,160 29
1,997 50
4,319 91
4,513 34
$54,982 39
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$6,168,191 00
14,732,607 00
Premiums.
$81,184 98
170,218 22
$20,900,798 00 $251,403 20
8,791,369 00 103,018 33
$12,109,429 00 $148,384 87
3,441,414 00 40,491 3S
1,668,015 00 f 107,893 05
LUMBERMEN S INSURANCE CO,
275
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$145,095 00
64,891 00
42,106 00
3,500 00
"LUMBERMEN'S INSURANCE COMPANY," PHILADELPHIA, PA.
[Incorporated June 2, 1873. Commenced business Dec. 11, 1873.]
Paid-up Capital, $250,000.
LEWIS DAVIS, President. OLIVER H. HILL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Susquehanna Coal Co. bonds, .... $12,00000 $13,80000
Shamokin Valley & Pottsville R.R. Co. bonds, 7,000 00 7,280 00
Steubenville & Indiana R.R. Co. bonds, . . 15,000 00 16,800 00
Richmond & Danville R.R. Co. bonds, . . 5,000 00 6,200 00
Read. Co. & Phila. & Read. Coal & 1. Co. b'ds, 5,000 00 4,700 00
Camden & Atlantic R.R. Co. bonds, . . 10,000 00 11,000 00
Mortgage Trust Co. of Pa. debentures, . . 18,000 00 14,400 00
Lehigh Valley Railroad Co. bonds, . . . 10,000 00 12,900 00
Chic, St. Louis & Pittsburgh R.R. Co. bonds, . 10,000 00 12,500 00
Master Builders' Exchange bonds, . . . 10,000 00 10,125 00
Car Trust of New York bonds, . . . 7,000 00 7,000 00
West Jersey R.R. Co. bonds, .... 26,000 00 29,900 00
Sunb'y, Hazleton & Wilkes-Barre R.R. Co. b'ds, 8,000 00 8,560 00
Shamokin, Sunbury & Lewisb'g R.R. Co. b'ds, 10,000 00 10,500 00
Pennsylvania Steel Co. bonds, .... 10,000 00 11,000 00
Lehigh Valley R.R. Co. bonds, . . . 10,000 00 12,500 00
Texas & Pacific R.R. Co. bonds, . . . 11,000 00 12,540 00
Ohio River R.R. Co. bonds, .... 5,000 00 5,400 00
Cinn., Richmond & Ft. Wayne R.R. Co. bonds, 20,000 00 25,000 00
Cambria & Clearfield R.R. Co. bonds, . . 12,000 00 12,600 00
Duluth Street Railway Co. bonds, . . . 20,000 00 21,000 00
St. Louis Merchants Bridge Co. bonds, . . 20,000 00 22,000 00
Minneapolis General Electric Co. bonds,. . 20,000 00 21,600 00
Electric R'y Light & Power Co., Sedalia, b'ds, 8,000 00 4,000 00
Broadway & 7th Ave. R.R. Co. bonds, . . 10,000 00 12,200 00
Hartman General Electric Co., Duluth, bonds, 10,000 00 10,250 00
Superior Water, Light & Power Co. bonds, . 10,000 00 9,000 00
St. Paul Gas Light Co. bonds, .... 10,000 00 8,700 00
Lehigh Traction Co. bonds, .... 15,000 00 13,500 00
Piedmont & Cumberland Railway Co. bonds, . 10,000 00 11,000 00
Detroit & Mackinac Railway Co. bonds, . . 5,000 00 4,350 00
Grand Rapids Gas Light Co. bonds, . . 10,000 00 10,500 00
Gen., W'rloo, Sen. F's & Cay. L. Tr. Co. b'ds, . 1<),000 00 7,500 00
276
LUMBERMEN S INSURANCE CO.
Passaic Lighting Co. bonds,
Phila. & Reading Coal & Iron Co. certificates
Lehigh Valley R.R. Co. Car Trust loan,
Township of Upper Darby bonds, .
City of Duluth refunding bond,
St. Louis Ter., Cupples Sta. & Prop. Co. b'ds
St. Joseph Gas Co. bonds,
Equitable Illu. Gas Light Co. of Phila. bonds
Elec. & Peo. Stock Trust, Phila., certificates,
Illinois Central R.R. Co. bonds,
Erie & Pittsburgh R.R. Co. bonds, .
Metropolitan St. R'y Co., N. Y., bonds, .
Edison Elec. Light Stock Trust, Phila., certs.
Atlantic Coast Electric R.R. Co. bonds, .
N. Y. Gas, Elec. Light, Heat & Power Co. b'ds
Joliet Gas Light Co. bonds,
Edison Elec. Illuminating Co., Brooklyn, b'ds
Conshohocken Gas & Water Co. bonds, .
Westchester Lighting Co. bonds,
Seaboard Air Line R'y equipment bonds,
Baltimore & Ohio R.R. Co. bonds, .
Metropolitan Ferry Co., N. Y., bonds,
Western Gas Co., Milwaukee, bonds,
68 shares Lehigh Traction Co.,
80 " Grand Rapids Gas Light Co., .
100 " Grand Rapids & Indiana R'y Co.,
30 " Buck'gh'ni Ap't House Co., St. Paul
50 " St. Joseph Gas Co.,
20 " G., W'loo, S. F'ls & C. Lake Tr. Co.
14 " Philadelphia Bourse,
Securities held as collateral for cash loans : —
Pittsb'h, Cin., Chic. & St, Louis R'y Co. bonds,
50 shares Citizens' Passenger R'y Co., Phila., .
17 " Jefferson Fire Ins. Co. of Phila.,
M'l Ben. Life Ins. Co., Newark, paid-up policy,
Edison Electric Light Stock Trust certificates,
200 shares Philadelphia Co., ....
Par Value.
$10,000 00
10,000 00
10,000 00
11,000 00
15,000 00
15,000 00
10,000 00
20,000 00
10,000 00
20,000 00
10,000 00
10,000 00
5,000 00
10,000 00
15,000 00
10,000 00
10,000 00
5,000 00
15,000 00
10,000 00
10,000 00
5,000 00
10,000 00
6,800 00
4,000 00
10,000 00
3,000 00
5,000 00
2,000 00
600 00
Market Value.
$10,500 00
10,500 00
10,200 00
11,880 00
16,500 00
15,750 00
9,500 00
21,800 00
10,000 00
20,600 00
10,500 00
12,000 00
5,500 00
10,000 00
14,100 00
10,500 00
9,500,00
5,100 00
15,375 00
10,000 00
9,700 00
5,600 00
10,750 00
340 00
4,000 00
2,500 00
300 00
1,750 00
100 00
115 00
$666,400 00 $675,265 00
Market Value.
$9,000 00
17,500 00
2,125 00
14,500 00
7,700 00
8,400 00
Loaned Thereon.
$8,000 00
3,400 00
1,500 00
8,000 00
5,000 00
6,000 00
$59,225 00 $31,900 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $147,000 00
Loans on mortgage of real estate (first liens *), 296,701 51
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$310,675 00
350,000 00
332,300 00
lumbermen's INSURANCE CO.
277
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Deposits on perpetual policies,
Gross assets,
$4,278 26
675,265 00
31,900 00
141 88
21,664 35
305 97
37,209 32
1,169 40
671 45
$1,216,307 14
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Miscellaneous,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$5,767 85
19,162 30
500 00
$25,430 15
5,190 20
$20,239 95
131,401 71
233,143 71
2,023 32
8,406 59
8,167 58
12,786 41
1,128 14
417,297 41
$799,009 73
250,000 00
$549,009 73
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
$32,977 62
225,996 48
$258,974 10
37,209 32
$221,764 78
57,435 39
sources,
$12,601 99
$164,329 39
17,747 00
31,000 96
4,444 18
552 49
$218,074 02
278
MAGDEBURG FIRE INSURANCE CO.
Expenditures.
Cash paid for lire losses, $133,333 54
Deduct salvage and reinsurance, . . . 25,094 95
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks, . $12,710 14
$108,238 59
25,000 00
43,320 42
12,445 00
11,148 20
6,463 96
Gross cash expenditures, $206,616 17
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (notincl'd above),
.$ 27,135,526 00
. 21,261,356 00
. $48,396,882 00
. 20,187,972 00
.128,208,910 00
. 4,228,970 00
. $23,979,940 00
. $9,390,719 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
Premiums.
$262,164 39
225,996 48
$488,160 87
191,348 01
$296,812 86
44,648 21
$252,164 65
$259,048 56
$2,574,498 00
1,377,618 00
108,873 00
438,000 00
25,000 00
75,125 00
"MAGDEBURG FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Nov. 6, 1S97. Commenced business Nov. 19, 1897.]
Paid-up Capital, $200,000.
E. F. MIETHKE, President. AD. DOHMEYER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
New York city dock bonds $205,000 00 $223,962 50
New York city bridge bonds, .... 25,000 00 27,312 50
United States bonds, 10,000 00 11,400 00
$240,000 00 $262,675 00
MAGDEBURG FIRE INSURANCE CO.
279
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $281 61
Gross assets,
$262,675 00
33 65
18,924 54
1,441 67
8,567 17
$291,642 03
Liabilities.
Losses claimed and reported,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected, .....
Net collected,
Premiums on risks written or renewed, .
$3,733 00
115 00
$3,618 00
44,798 30
2,152 57
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from profit on sale of bonds,
$12,761 70
281 61
$12,480 09
106,180 53
$118,660 62
8,567 17
$110,093 45
43,225 53
Gross cash income,
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$59,327 86
11,686 95
50,568 87
$241,073 16
200,000 00
$41,073 16
$66,867 92
8,702 22
268 75
$75,838 89
$47,640 91
14,471 76
3,500 02
2,545 34
4,823 08
$72,981 11
280
manufacturers' mutual FIRE INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . .$15,106,418 00 $130,404 29
Fire risks written during 1900, . . . 10,834,896 00 106,180 53
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. 125,941,314 00 $236,584 82
. 14,149,334 00 126,454 11
.$11,791,980 00 $110,130 71
. 2,326,707 00 20,680 20
. $9,465,273 00 $89,450 51
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$251,537 00
182,330 00
39,917 00
4,500 00
"MANUFACTURERS 1 MUTUAL FIRE INSURANCE COMPANY OF
RHODE ISLAND, 1 ' PROVIDENCE, R. I.
[Incorporated 1S35. Commenced business Dec. 1, 1835.]
JOHN R. FREEMAN, President. ROSCOE L. COLMAX, Secretary.
Detailed Statement of Stocks,
United States bonds,
Rhode Island State bonds,
150 shares Providence & Worcester R R.,
100 '
100
671 '
59 '
330
100 '
100
100
100
210
100
Boston & Providence R.R., * .
Rome, Watert'n & Ogden. R.R.,
Pennsylvania R.R., .
Old Colony R.R., .
Great Northern R'y,
Chic, Mil. & St. Paul R.R., .
Chic, Clevc, Cin. & St. Louis R.R
Chic, Burlington & Quincy R.R.,
Chic. & Northwestern R.R., .
American National Bank, Prov ,
National Bank of Commerce, .
Bonds, etc.
Par Value.
$10,000 00
50,000 00
15,000 00
10,000 00
10,000 00
33,500 00
5,900 00
33,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,500 00
5,000 00
$222,900 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, . . . $359,127 06
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
30,271 72
3,053 03
3,226 13
Market Value.
$13,850 00
56,500 00
44,100 00
30,000 00
13,500 00
49,947 56
11,977 00
62,700 00
18,750 00
11,600 00
14,250 00
17,187 50
9,765 00
5,000 00
$359,127 06
$395,677 94
manufacturers' mutual FIRE INSURANCE CO.
281
Liabilities.
Losses claimed and reported, .... $200 20
Unearned premiums on outstanding risks, . 131,116 47
State taxes, 4,866 77
Gross liabilities,
1136,183 44
Net cash assets, $259,494 50
Income.
Premiums outstanding Dec. 81, 1899, . . $5,059 23
Premiums on risks written or renewed, . . 274,735 63
Total, $279,794 86
Premiums now in course of collection, . . 3,226 13
Entire premiums collected, .... $276,568 73
Less reinsurance and return premiums, . . 11,691 76
Net cash premiums received, .
Interest and dividends received from all sources, .
Gross cash income,
$264,876 97
13,119 37
$277,996 34
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
for incidentals, ....
Gross cash expenditures, ....
$18,604 83
205,772 99
6,560 13
5,051 64
536 26
3,985 32
1,755 25
$242,266 42
Risks and Premiums.
Amount. Cash Prem'a. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $29,521,223 00 $227,817 14 $1,139,085 70
Risks written during 1900, . 36,019,159 00 274,735 63 1,373,678 15
Total, $65,540,382 00 $502,552 77 $2,512,763 85
Risks terminated during 1900, . 31,445,223 00 240,319 83 1,201,599 15
In force at end of year, . . $34,095,159 00 $262,232 94 $1,311,164 70
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 90 per cent.
$16,600 00
282
THE MECHANICS' INSURANCE CO.
"THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 13, 1854. Commenced business May 4, 1854.]
Paid-up Capital, *250,000.
SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary.
Detailed Statement of Stocks
Phila., Wilmington & Baltimore R.R. bonds,
Union Passenger Railway bonds,
Lombard & South Streets Passenger R'y bonds
Steubenville & Indiana R.R. bonds,
Borough of Clifton Heights, Pa., bond,
Schuylkill River East Side R.R. bonds,
Northern Pacific Terminal bonds, .
Philadelphia & Erie R.R. bonds,
Northern Pennsylvania R.R. bonds,
The Toledo Electric Street R'y Co. bonds,
United States bonds, ....
Consolidated Traction Co. of N. J. bonds,
Second Ave. Traction Co , Pittsburg, bonds,
Terminal R.R. Association of St. Louis bonds
Commonwealth of Penn., Allegheny Co., bond
City of Altooua, Pa., bonds,
Lehigh Valley Railroad bonds,
City of Philadelphia bonds,
Pittsburg, Cin., Chic. & St. Louis R.R. bonds,
Allegheny Valley R.R. bonds,
Phila., Wil . & Bait. R.R. Stock Trust certificates
200 shares Fair. Park & Had. Pass. R'y Co.,
100 " Union Passenger Railway Co.,
30 " 13th & loth Streets Pass. R'y Co.
20 " 2d & 3d Streets Pass. R'y Co.,
1,000 " Philadelphia Traction Co., .
and Bonds.
Par Valae.
$2,000 00
20,000 00
20,000 00
25,000 00
3,000 00
30,000 00
10,000 00
28,000 00
11,000 00
10,000 00
5,000 00
10,000 00
10,000 00
10,000 00
5,000 00
10,000 00
10,000 00
20,000 00
10,000 00
5,000 00
10,000 00
10,000 00
5,000 00
1,500 00
1,000 00
50,000 00
Market Value.
$2,172 50
22,800 00
20,000 00
27,500 00
3,360 00
33,187 50
11,450 00
30,660 00
12,691 25
10,400 00
6,906 25
10,862 50
11,600 00
11,325 00
5,000 00
10,000 00
10,162 50
21,400 00
11,537 50
6,225 00
10,950 00
15,000 00
23,800 00
9,480 00
6,200 00
99,000 00
$331,500 00 1443,670 00
Securities held as collateral for cash loans : -
Philadelphia City Pass. R'y Co. bonds, .
Summary of Assets Dec 31, 1900.
Cash value of unencumbered real estate, . 881,500 00
Loans on mortgage of real estate (first liens*), 288,976 76
Interest due or accrued thereon, . . . 4,218 25
Market Value. Loaned Thereon.
$5,750 00 $4,250 00
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$232,950 00
355,250 00
272,225 00
THE MECHANICS' INSURANCE CO.
283
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Perpetual premiums in course of collection,
Gross assets,
$443,670 00
4,250 00
617 25
42,804 32
3,489 81
50,967 31
60 00
785 00
$921,338 70
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$6,176 83
14,087 92
4,400 00
$24,664 75
2,418 23
$22,246 52
152,064 38
258,969 00
12,364 72
12,090 18
15,609 00
473,343 80
$447,994 90
250,000 00
Surplus over capital, $197,994 90
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total, .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Deposits received for perpetual fire risks,
$46,898 08
314,261 04
$361,159 12
50,967 31
$310,191 81
74,519 54
sources,
$235,672 27
14,856 55
19,473 83
2,370 00
303 47
$15,207 81
Gross cash income, $272,676 12
284
mechanics' mutual FIRE INSURANCE CO.
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for expenses on real estate,
for incidentals, .
Deposits returned on perpetual fire risks
Gross cash expenditures, $296,158 47
$192,726 76
18,503 19
es,
$11,161 40
$174,223 57
20,000 00
68,458 34
13,790 01
5,090 28
181 15
14,415 12
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $26,910,280 00
. 28,899,606 00
.$55,809,886 00
. 24,860,305 00
. $30,949,581 00
. 3,452,691 00
. $27,496,890 00
Perpetual risks in force (not incl'd above), . $12,620,818 00
Premiums.
$299,840 51
314,261 04
$614,101 55
274,606 00
$339,495 55
41,907 79
$297,587 76
$285,401 57
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$3,740,551 00
2,093,228 00
165,321 00
560,660 00
20,000 00
46,150 00
"MECHANICS' MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1871. Commenced business 1871.]
JOHN R. FREEMAN, President. ROSCOE L. COLMAN, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States bonds $15,000 00 $20,775 00
Rhode Island State bonds, .... 50,000 00 56,500 00
100 shares Rome, Watert'n & Ogden. R.R., . 10,000 00 13,500 00
100 " N. Y., Lack. & Western R.R., . 10,000 00 13,500 00
mechanics' mutual FIRE INSURANCE CO.
285
330 shares Pennsylvania R.R., ....
165 " Great Northern R'y Co., .
100 " Cleve., Cin., Chic. & St. Louis R.R.,
100 " Chic., Burl. & Quincy R.R., .
83 " N'l Bank of Com., Prov., R. I.,
100 " Com. Nat'l Bank, Prov., R. I.,
Par Value.
$16,500 00
16,500 00
10,000 00
10,000 00
4,150 00
5,000 00
Market Value.
$24,564 38
31,350 00
11,600 00
14,250 00
4,150 00
4,850 00
$147,150 00 $195,039 38
SlJMMAKY OF ASSETS DEC. 31, 1900.
Stocks, bonds, etc., as per schedule, . . $195,039 38
Cash deposited in bank, 13,411 08
Interest due and accrued, 1,790 % 63
Premiums in course of collection (gross), . 2,326 26
Gross assets, $212,567 35
Liabilities.
Losses claimed and reported, .... $155 77
Unearned premiums on outstanding risks, . 85,255*82
State taxes, 3,176 67
Gross liabilities, 88,588 26
Net cash assets, $123,979 09
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest and dividends received from all sources, .
$3,319*57
179,146£23
$182,465 80
2,326 26
$180,139 54
7,922 12
$172,217 42
7,135 04
Gross cash income, $179,352 46
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
for incidentals, ....
$15,176 28
132,643 26
4,188 81
3,240 05
341 26
2,561 16
1,226 15
Gross cash expenditures,
$159,376 97
286
mechanics' and traders' INSURANCE CO.
Risks and Premiums.
Amount Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $18,971,497 00 $146,664 38 $733,321 90
Risks written during 1900, . 23,479,151 00 179,146 23 895,731 15
Total, $42,450,648 00 $325,810 61 $1,629,053 05
Risks terminated during 1900, . 20,296,710 00 155,298 98 776,494 90
In force at end of year, . . $22,153,938 00 $170,511 63 $852,558 15
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 90 per cent.
$13,192 00
"MECHANICS' AND TRADERS 1 INSURANCE COMPANY," NEW
ORLEANS, LA.
[Incorporated Oct. 15, 1869. Commenced business Nov. 1, 1869.]
Paid-up Capital, $300,000.
JAMES NICHOLS, President. R. L. EMERY, Secretary.
Detailed Statement of Stocks
Louisiana State bonds,
New Orleans city bonds, .
New Orleans City & Lake R.R. bonds,
Crescent City R.R. bonds,
150 shares People's Bank, New Orleans,
10
10
200
50
30
Prov. Savings Safe Dep. Co., N. O.,
Union Nat'l Bank, New Orleans, .
Standard Guano & Cheru. Mfg. Co.,
Standard Cotton Seed Oil Co.,
National Acid Co
and Bonds.
Par Value.
$ 123,000 00
57,910 00
6,000 00
28,000 00
15,000 00
1,000 00
1,000 00
20,000 00
2,500 00
3,000 00
Market Value.
$135,761 25
70,643 15
6,945 00
30,660 00
12,975 00
1,090 00
1,060 00
40,000 00
3,750 00
3,900 00
$257,440 00 $306,784 40
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Reinsurance due on losses paid,
Gross assets,
$106,800 00
50 00
306,784 40
14,791 81
54,263 83
844 03
4,882 15
$488,416 22
* Value of property mortgaged, $75 00
MECHANICS AND TRADERS INSURANCE CO.
287
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all sources,
Income from rents, .
Income from all other sources,
Gross cash income, .
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
$1,749 02
16,378 59
4,500 00
$22,627 61
6,332 09
$16,295 52
101,404 96
9,974 18
14,641 08
1,866 19
$61,057 28
239,302 86
$300,360 14
45,904 17
$254,455 97
83,400 16
$7,051 31
14,285 56
$21,336 87
8,359 66
$12,977 21
5,898 42
M 53,485 52
41,972 30
$10,359 91
6,557 77
$144,181 93
$344,234 29
300,000 00
$44,234 29
$171,055 81
7,078 79
11,518 20
10,603 03
80 80
$200,336 63
$111,513 22
3,802 14
288
THE MERCHANTS' INSURANCE CO.
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$33,603 95
10,955 68
7,341 14
24,932 57
Gross cash expenditures, $192,148 70
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . .$23,787,497 00 $283,352 87
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1900, .
Deduct risks expired and terminated,
23,622,715 00 239,302 86
$47,410,212 00
25,962,870 00
1522,655 73
266,704 02
. f 21,447,342 00 $255,951 71
. 4,638,757 00 60,303 66
. ? 16,808,585 00 $195,648 05
$3,983,063 00
3,983,063 00
$14,285 56
14,285 56
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the Tear, . . . .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Company's stock owned by directors, .
$7,680,553 00
4,213,772 00
89,865 00
4,226 00
3,832,660 00
101,700 00
"THE MERCHANTS 1 INSURANCE COMPANY OF NEWARK/'
NEWARK, N. J.
[Incorporated Feb. IS, 1S5S. Commenced business April IS, 1S5S.]
Paid-up Capital, $400,000.
G. LEE STOUT, President. WM. H. GUERIN, Secretary.
Detailed Statement of
United States bonds, .
New Jersey Zinc Co. bonds,
Newark Consolidated Gas Co. bonds,
Newark Gas Co. bonds, .
Newark Pass. R.R. Co. bonds, .
Elizabeth city bonds,
Long Branch school bonds,
North Hudson County R.R. bonds,
Midland R.R. of N. J. bonds, .
Stocks and Bonds.
Par Value.
§50,000 00
10,000 00
10,000 00
100,000 00
70,000 00
50,000 00
5,000 00
50,000 00
75,000 00
Market Value.
155,500 00
10,600 00
10,550 00
141,000 00
81,900 00
50,000 00
5,250 00
56,500 00
87,000 00
THE MERCHANTS INSURANCE CO.
289
Newark & Bloomfield Horse Car R.R. bonds, .
Consolidated Traction Co. bonds, .
N. Y., Susquehanna & Western R.R. bonds, .
United N. J. R.R. & Canal Co. stock,
Par Value.
$ 10,000 00
90,000 00
10,000 00
15,000 00
Market Valuer
$10,000 00
98,100 00
11,200 00
41,100 00
$545,000 00 f658,700 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, $4,684 38
Gross assets,
Deduct special deposits in other States, .
Balance,
$187,028 82
318,500 00
3,845 36
658,700 00
12,963 62
39,362 88
3,761 92
160,039 50
1,005 34
3,498 64
$1,388,706 08
55,500 00
$1,333,206 08
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$27,812 49
67,003 03
10,809 01
$105,624 53
9,880 45
$95,744 08
651,548 84
16,618 90
36,809 08
5,283 55
332 11
$806,336 56
4,172 32
802,164 24
$531,041 84
400,000 00
$131,041 84
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$331,075 00
424,550 00
341,250 00
290
THE MERCHANTS INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
,714 41
493 55
8170,220 86
1,258,244 95
$1,428,465 81
164,230 33
$1,264,235 48
440,394 06
sources,
$823,841 42
18,350 47
29,747 50
7,117 79
19,088 36
Gross cash income, $898,145 54
Expenditures.
Cash paid for fire losses, $814,464 31
Deduct salvage and reinsurance, . . . 139,756 22
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures,
$674,708 09
32,000 00
152,445 54
150,966 64
43,134 89
4,732 50
40,901 98
. fl,098,889 64
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . $160,326,562 00 $1,613,066 28
Fire risks written during 1900, . . 118,615,366 00 1,258,244 95
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
$278,941,928 00 $2,871,311 23
121,298,954 00 1,309,078 85
$157,642,974 00 $1,562,232 38
23,793,883 00 251,757 29
Net amount in force, .
$133,849,091 00 $1,310,475 09
MERCHANTS' MUTUAL INSURANCE CO. IN PROVIDENCE. 291
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, .
818,894,672 00
11,055,502 00
653,344 00
1,108,219 00
32,000 00
85,500 00
" MERCHANTS' MUTUAL INSURANCE COMPANY IN
PROVIDENCE," PROVIDENCE, R. I.
[ Incorporated Oct. 12, 1874. Commenced business Nov. 1, 1874.]
JOHN EDDY, President. WM. B. McBEE, Secretary.
Detailed Statement op Stocks,
Rhode Island State bonds,
United States bonds,
Chicago, Burlington & Quincy R.R. bonds,
United Traction & Electric Co. bonds,
150 shares Illinois Central R.R.,
132 '
100 '
110 '
100 '
110
100
50
50
300
200
200
100
82
50
50
Chic, Burlington & Quincy R.R.,
Chicago & Northwestern R.R.,
Chic, Rock Island & Pacific R.R.,
Rome, Watertown & Ogdens. R.R.
Pennsylvania Railroad, .
Morris & Essex Railroad,
Rensselaer & Saratoga R.R., .
Pittsburgh, Ft. Wayne & Chic. R.R.
National Bank of North America,
National Bank of Commerce, .
Commercial National Bank, .
Lime Rock National Bank,
Merchants' National Bank,
Old National Bank,
Mechanics' National Bank,
Bonds, etc.
Par Value.
$30,000 00
9,000 00
3,000 00
10,000 00
15,000 00
13,200 00
10,000 00
11,000 00
10,000 00
5,500 00
5,000 00
5,000 00
5,000 00
15,000 00
10,000 00
10,000 00
2,000 00
4,100 00
5,000 00
2,500 00
Market Value.
$33,000 00
12,420 00
3,200 00
11,400 00
19,800 00
18,744 00
17,100 00
13,200 00
13,400 00
8,085 00
9,500 00
9,750 00
9,250 00
13,500 00
9,800 00
9,700 00
500 00
5,330 00
4,600 00
2,450 00
$180,300 00 $224,729 00
Summary op Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$224,729 00
16,707 49
3,167 53
1,955 60
$246,559 62
292 merchants' mutual INSURANCE CO. in providence.
Liabilities.
Losses claimed and reported, ....
Unearned premiums on outstanding risks,
State and local taxes,
Gross liabilities,
Net cash assets, $158,815 17
$9 91
84,572 98
3,161 56
f87,744 45
Income
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
$1,805 77
178,298 73
$180,104 50
1,955 60
$178,148 90
8,440 01
$169,708 89
Interest and dividends received from all sources, . . . 8,876 33
Gross cash income, $178,585 22
Expenditures.
Cash paid for losses, 117,243 55
as profits on terminated policies, .... 134,163 46
for inspections, 2,550 00
for salaries of officers and employees, . . . 5,289 19
for State and local taxes, 3,332 12
for rents, 666 67
for incidentals, 1,424 98
Gross cash expenditures, $164,669 97
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem"s.
Risks outstanding Dec. 31, 1899, $18,941,377 00 $152,181 76 $760,908 80
Risks written during 1900, . 22,537,165 00 178,298 73 891,493 65
Total $41,478,542 00 $330,480 49 $1,652,402 45
Risks terminated during 1900, . 20,264,814 00 161,334 52 806,672 60
In force at end of year, . . $21,213,728 00 $169,145 97 $845,729 85
Miscellaneous.
Losses incurred during the year, $13,023 00
Profit's or surplus returned during 1900, 88.22 per cent.
MICHIGAN FIRE AND MARINE INSURANCE CO.
293
"MICHIGAN FIRE AND MARINE INSURANCE COMPANY,"
DETROIT, MICH.
[Incorporated February, 1881. Commenced business March, 1881.]
Paid-up Capital, $400,000.
D. M. FERRY, Vice-President. F. H. WHITNEY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$5,000 00
32,000 00
10,000 00
12,000 00
People's Savings Bank stock,
Marquette city bonds,
Detroit city bonds, .
Flint city school bonds,
Market Value.
$6,250 00
32,000 00
10,000 00
12,000 00
$59,000 00 $60,250 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
$89,108 14
522,965 00
10,807 45
60,250 00
21,527 32
57,955 30
1,542 70
57,556 65
$821,712 56
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
$7,849 42
12,006 75
Total amount of losses, ....
Less reinsurance,
$19,856 17
1,575 00
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
$18,281 17
217,089 73
40 00
9,110 40
6,710 78
2,531 55
253,763 63
.
Surplus as regards policy holders, .
$567,948 93
400,000 00
$167,948 93
Amount of insurance held as collateral,
368,795 00
294
MICHIGAN FIRE AND MARINE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Income from all other sources,
Gross cash income,
$42,244 35
376,588 17
$418,832 52
57,556 65
$361,275 87
78,153 78
other sources, .
$283,122 09
30,697 89
4,271 67
1,894 34
122 21
$320,108 20
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, ....
$184,108 82
17,914 62
Gross cash expenditures,
$166,194 20
16,000 00
62,061 77
13,568 74
13,788 95
33,121 13
$304,734 79
Risks and Premiums.
Eire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
. $36,137,770 00
. 33,206,768 00
. $69,344,538 00
. 28,070,416 00
.$41,274,122 00
. 2,582,269 00
Premiums.
$382,118 38
376,588 17
$758,706 55
303,584 95
|455,121 60
28,969 73
. $38,691,853 00 $426,151 87
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (4 per cent.), .
Company's stock owned by directors, ....
£6,438,824 00
3,497,416 00
164,286 00
330,000 00
16.000 00
194,900 00
MIDDLESEX MUTUAL ASSURANCE CO.
295
"MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE-
TOWN, CONN.*
[Incorporated June 2, 1836. Commenced business June 13, 1836.]
O. VINCENT COFFIN, President. C W. HARRIS, Secretary.
Detailed Statement of Stocks
Middletown, Conn., town bonds,
Portland, Conn., town bonds, .
Nebraska Loan & Trust Co. bonds, .
N. Y., New Haven & Hartford R.R. bonds,
Omaha Water Co. bonds, ....
The L. D. Brown & Son Co. bonds, .
W. & B. Douglas Co. bonds, . . • .
Keating Wheel Co. bonds,
230 shares N. Y. Cent. & Hudson River R.R.,
275 '
400
200
300
150 '
40 '
42 '
30 '
6 '
90 '
Chic., Rock Island & Pacific R.R.,
N. Y., New Haven & Hart. R.R.,
Chicago, Burlington & Quincy R.R.,
Chicago & Northwestern R.R.,
Middletown National Bank, Conn.,
First Nat'l Bank, Middlet'n, Conn.,
Middlesex Co. N'l B'k, Middletown,
Central Nat'l Bank, Middletown, .
First National Bank, Portland,
Omaha Water Co., .
and Bonds.
Par Value.
$21,000 00
100,000 00
75,000 00
15,000 00
10,000 00
30,500 00
5,000 00
8,800 00
23,000 00
27,500 00
40,000 00
20,000 00
30,000 00
11,250 00
4,000 00
4,200 00
2,250 00
600 00
4,500 00
Market Value.
$21,420 00
103,911 60
75,000 00
29,250 00
10,000 00
30,500 00
5,000 00
8,800 00
33,120 00
33,000 00
84,800 00
28,400 00
56,200 00
15,900 00
4,000 00
3,570 00
2,400 00
600 00
4,500 00
$432,600 00 $550,371 60
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
State and local taxes,
Commissions and brokerage, .
Gross liabilities,
Surplus, ....
$194,000 00
550,371 60
40,529 71
21,769 82
$2,000 00
2,000 00
1,050 00
150,356 72
8,631 71
5,442 45
$806,671 13
164,480 88
$642,190 25
* A mutual company.
296
MIDDLESEX MUTUAL ASSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1899, . $19,783 42
Premiums on risks written or renewed, . . 92,812 91
Total, $112,596 33
Premiums now in course of collection, . . 21,769 82
Entire premiums collected, .... $90,826 51
Less reinsurance and return premiums, . . 4,107 96
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from rents,
Gross cash income, .
$86,718 55
22,913 22
8,318 00
$117,949 77
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$61,036 27
14,227 21
18,999 00
6,766 63
9,080 70
Gross cash expenditures, $ 110,109 81
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $39,991,109 00 $304,451 48
Fire risks written during 1900, . . . 12,608,640 00 92,812 91
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $52,599,749 00 $397,264 39
. 12,233,495 00 96,389 46
. $40,366,254 00 $300,874 93
7,000 00 33 87
.$40,359,254 00 $300,841 06
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year,
$1,166,641 00
54,452 00
MILLEKS AND MANUFACTURERS INSURANCE CO.
297
"MILLERS' AND MANUFACTURERS' INSURANCE COMPANY,"
MINNEAPOLIS, MINN.*
[Reincorporated July 1, 1891. Commenced business May, 1881.]
C. B. SHOVE, President. F. S. DANFORTH, Secretary.
Detailed Statement of Stocks and Bonds.
Northwestern Consol. Milling Co. bonds,
Chicago General R'y Co. bonds,
First Nat'l Bank, Minneapolis, stock,
Northw'n Nat'l Bank, Minneapolis, stock,
Nat'l Bank of Commerce, Minneapolis, stock,
Merchants' Nat'l Bank, St. Cloud, stock, .
Par Value.
$2,000 00
2,000 00
13,800 00
10,000 00
10,000 00
1,000 00
Market Value.
$2,000 00
2,000 00
17,250 00
15,000 00
12,000 00
1,000 "00
$38,800 00 $49,250 00
Summary of Assets Dec 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens f),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Rents due and accrued,
All other assets, ....
Gross assets, ....
Liabilities.
Losses adjusted, unpaid,
Losses claimed and reported, ....
Unearned premiums on outstanding risks,
Commissions and brokerage, ....
Reinsurance,
Reinsurance disallowed,
Gross liabilities, except contingent, safety
and reserve fund,
Surplus as regards policy holders, .
Contingent, safety and reserve fund,
Impairment,
$131,081 10
10,400 00
49 80
49,250 00
1,298 76
12,642 70
60 00
19,973 77
283 50
833 61
$10,486 49
14,750 89
90,584 85
2,996 06
2,331 70
7,118 63
$225,873 24
128,268 62
$97,604 62
100,000 00
$2,395 38
* A mutual company.
t Value of lands mortgaged, ....
^ T alue of buildings thereon, ....
Amount of insurance held as collateral,
$13,400 00
13,400 00
S.600 00
298
millers' and manufacturers' INSURANCE CO.
Income
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
from profit on sale of securities,
from all other sources,
Received for calls on capital, .
Gross cash income,
$17,288 85
237,012 58
$254,301 43
19,973 77
$234,327 66
59,714 55
other sources,
£50,000 00
$174,613 11
363 71
1,569 73
6,201 58
1,500 00
983 00
|185,231 13
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid to policy holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expenses on real estate,
for incidentals,
Gross cash expenditures, ....
f 166,307 92
18,267 85
$148,040 07
5,244 44
32,634 92
16,821 22
3,083 55
7,695 77
33,148 74
$246,668 71
Risks and Premiums.
Amount. Cash Prem'8. Conting't Prem'e.
Fire risks outs'g Dec. 31, 1899, . $9,673,725 00 $193,531 51 $255,527 67
Fire risks written during 1900, 11,210,022 00 237,012 58 155,970 74
Total, $20,883,747 00 $430,544 09 6411,498 41
Deduct risks expired and t'm'd, 10,579,720 00 230,024 43 117,217 58
In force at end of year, . .$10,304,027 00 $200,519 66 $294,280 83
Deduct amount reinsured, . 840,227 00 18,868 34
Net amount in force, . . $9,463,800 00 $181,651 32
Miscellaneous.
Losses paid from organization of company, .... $1,453,936 00
Fire losses incurred during the year, 148,643 00
Cash dividends declared from organization of company, . 173,400 00
millers' national INSURANCE CO.
299
"MILLERS' NATIONAL INSURANCE COMPANY," CHICAGO, ILL.
[Incorporated Feb. 16, 1865. Commenced business Sept. 1, 1869.]
Paid-up Capital, $200,000.
C. H. SEYBT, President. W. L. BARNUM, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States, D. C, bonds, .... $50,000 00 $62,000 00
Cook County, 111., bonds 60,000 00 61,850 00
City of Chicago bonds, 10,000 00 10,250 00
Chicago Board of Trade bonds, ..." 10,000 00 10,300 00
Chicago City Railway bonds, .... 25,000 00 25,000 00
Chicago Passenger Railway bonds, . . . 20,000 00 20,900 00
North Chicago City Railway bonds, . . 10,000 00 10,800 00
St. Louis, Cass Ave. & Fair Grounds R.R. b'ds, 25,000 00 25,500 00
Illinois Central R.R. bonds, .... 25,000 00 28,000 00
Chicago, Burlington & Quincy R.R. bonds, . 13,000 00 13,650 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 10,000 00 12,200 00
North Chicago Electric Railway bonds, . . 10,000 00 11,300 00
Chicago Electric Transit Co. bonds, . . 20,000 00 22,500 00
Central Safety Deposit Co. bonds, . . . 15,000 00 15,000 00
Bureau County drainage bonds, . . . 14,000 00 14,000 00
Sanitary District of Chicago bonds, . . . 20,000 00 21,200 00
Village of Harlem, 111., bonds, .... 5,000 00 5,050 00
Ford County, 111., bonds, 3,000 00 3,050 00
Marseilles, 111., bonds, 5,000 00 5,150 p0
Effingham, 111., bonds, 3,000 00 3,100 00
Tracy, Minn., bonds, 5,000 00 5,250 00
Osgood, Ind., bonds, 4,000 00 4,100 00
Aberdeen, So. Dak., bonds, .... 10,000 00 11,000 00
Des Plaines, 111., bonds, 4,500 00 4,500 00
Bureau County, 111., bonds, .... 11,00000 11,00000
Evanston, 111., bonds, 1,500 00 1,500 00
Whiteside County, 111., bonds 10,000 00 10,000 00
Illinois Staats Zeitung Co. of Chicago bonds, 4,000 00 4,000 00
Jasper County, 111., bonds, . . . 21,000 00 21,000 00
Lincoln, 111., bonds, 25,000 00 25,000 00
Bonne Terre, Mo., school bonds, . . . 18,000 00 18,000 00
Poplar Bluff, Mo., school bonds, . . . 10,000 00 10,000 00
Town of Proviso, 111., bonds, .... 9,000 00 9,000 00
Windsor, 111., bonds, 10,000 00 10,000 00
Mechanicsburg, 111., school bonds, . . . 4,500 00 4,500 00
White County, Ind., bonds, .... 10,000 00 10,000 00
Lawrence County, 111., bonds, .... 15,000 00 15,000 00
Mishawaka, Ind., bonds, 15,000 00 15,000 00
Jasper County, Ind., bonds, .... 5,000 00 5,000 00
Sullivan County, Ind., bonds, .... 5,000 00 5,000 00
300
MILLERS NATIONAL INSURANCE CO.
Chicago National Bank stock, . '
South Side Elevated Railway stock,
Par Value.
$10,000 00
11,100 00
Market Value.
$30,000 00
11,045 00
$571,600 00 $620,695 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $76,000 00
Interest due or accrued thereon, . . . 1,424 16
Stocks and bonds, as per schedule, . . . 620,695 00
Cash in the office of the company, . . . 142 39
Cash deposited in bank, 34,504 18
Interest due and accrued, 9,645 72
Premiums in course of collection (gross), . 18,744 45
Deposit notes taken for fire risks, $2,067,377 79
Gross assets,
$761,155 90
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Special department,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$18,347 83
17,529 59
128,042 74
3,117 60
121,364 71
288,402 47
•5472,753 43
200,000 00
Surplus over capital, $272,753 43
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums not included last year,
Net collected, .....
Premiums on risks written or renewed, .
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income,
$12,770 92
723 25
$13,494 17
377,843 38
$391,337 55
18,744 45
$372,593 10
33,173 32
$339,419 78
33,272 95
$372,692 73
* Value of lands mortgaged, $81,500 00
Value of buildings thereon 128,000 00
Amount of insurance held as collateral, .... 71,000 00
MILWAUKEE FIRE INSURANCE CO.
301
Expenditures.
Cash paid for fire losses,
Deduct salvage,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$265,532 74
912 70
$264,620 04
17,082 97
42,060 83
6,346 19
21,549 53
$351,659 56
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
.|18,966,327 00
. 13,343,623 00
$32,309,950 00
9,850,208 00
Premiums.
$307,304 47
183,145 98
$490,450 45
138,414 43
$22,459,742 00 $352,036 02
Miscellaneous.
Prem's and assessments rec'd from organization of company, . $4,397,761 00
Losses paid from organization of company, .... 3,199,126 00
Fire losses incurred during the year, 275,502 00
" MILWAUKEE FIRE INSURANCE COMPANY," MILWAUKEE, WIS.
[Incorporated March 22, 1898. Commenced business March 23, 1898.]
Paid-up Capital, $200,000.
WM. L. JONES, President. H. A. NOLTE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$25,000 00
United States bonds, .
South Side Elevated R.R. bonds,
Milwaukee & Northern R.R. bonds,
Union Pacific R.R. bonds, . . ,
Chic, Mil. & St. Paul. R.R. bonds, ,
61,500 00
50,000 00
10,000 00
30,000 00
Market Value.
$34,375 00
63,345 00
60,500 00
10,500 00
35,325 00
$176,500 00 $204,045 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $ 184,200 00
Interest due or accrued thereon, . . . 1,967 86
Stocks and bonds, as per schedule, . . . 204,045 00
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$230,300 00
210,450 00
143,000 00
302
MILWAUKEE FIRE INSURANCE CO.
Cash in the office of the company, . . . $1,921 81
Cash deposited in bank-, 28,663 63
Premiums in course of collection (gross), . 15,750 32
Gross assets,
Liabilities.
Losses adjusted, unpaid, $2,379 93
claimed and reported, .... 13,042 29
disputed or resisted, .... 4,862 50
Total amount of losses, $20,284 72
Less reinsurance, 5,490 62
Net amount of unpaid losses, .... $14,794 10
Unearned premiums on outstanding risks, . 109,825 27
Commissions and brokerage, .... 3,150 06
Reserve for reinsurance company, • . . 8,760 99
Reinsurance disallowed, 167 05
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$436,548 62
136,697 47
$299,851 15
200,000 00
,851 15
Income.
Fire premiums outstanding Dec. 31, 1899, . f 27,882 59
Premiums on risks written or renewed, . . 232,497 47
Total, $260,380 06
Premiums now in course of collection, . . 15,750 32
Entire premiums collected, .... $244,629 74
Less reinsurance and return premiums, . . 67,560 81
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from profit on sale of securities,
Contributed by stockholders, .... $100,000 00
$177,068 93
7,264 46
8,074 01
828 75
Gross cash income, $193,236 15
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State aud local taxes,
for incidentals, ....
Gross cash expenditures, ....
$181,635 96
83,982 14
$97,653 82
47,595 03
12,331 56
7,706 93
29,623 40
$194,910 74
MILWAUKEE MECHANICS INSURANCE CO.
303
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $24,515,354 00
. 18,606,766 00
. $43,122,120 00
. 18,608,930 00
. $24,513,190 00
. 8,088,470 00
Premiums.
$316,035 79
232,497 47
$548,533 26
248,473 95
$300,059 31
95,483 23
. $16,424,720 00 $204,576 08
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$457,813 00
262,665 00
88,679 00
79,400 00
"MILWAUKEE MECHANICS' INSURANCE COMPANY,"
MILWAUKEE, WIS.
[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.]
Paid-up Capital, $200,000.
WM. L. JONES, President. G. W. GROSSENBACH, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .
Racine (Wis.) bonds,
Milwaukee County bonds,
Milwaukee city bonds,
Brown County, Wis., bonds,
St. Paul, Minn., bonds,
Ramsey County, Minn., bonds,
Sanitary Dist. of Chicago bonds,
South Side (Chic.) Elevated R.R. Co. bonds,
Washington County, Wis., bonds, .
Milwaukee &• Northern R.R. Co. bonds, .
Chicago & Alton R'y Co. bonds,
Union Pacific R.R. Co. bonds, .
Elgin, Joliet & Eastern R'y Co. bonds, .
Hannibal & St. Joseph R.R. Co. bonds, .
Milwaukee Light, Heat & Traction Co. bonds,
Mil. Underwriters' Building Asso. stock,
Par Value.
$25,000 00
22,000 00
23,000 00
193,000 00
20,000 00
225,000 00
100,000 00
50,000 00
100,000 00
45,000 00
50,000 00
30,000 00
25,000 00
25,000 00
5,000 00
25,000 00
3,476 00
Market Value.
$27,250 00
24,860 00
25,328 75
208,602 50
21,350 00
259,687 50
114,343 75
54,187 50
103,000 00
47,475 00
60,500 00
25,050 00
26,250 00
27,781 25
6,050 00
25,125 00
4,789 00
§966,47(5 00 $1,061,630 25
304
MILWAUKEE MECHANICS INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets, f
Deduct special deposits in other States, .
Balance,
$67,500 00
1,119,687 44
20,727 26
1,061,630 25
40,111 38
60,810 47
5,07 > 13
144,368 97
£2,519,913 90
10,900 00
$2,509,013 90
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reserve for reinsurance company, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$24,137 46
49,976 57
10,950 00
$85,064 03
18,738 53
$66,325 50
821,032 72
24,061 49
53,141 91
1,571 48
966,133 10
. $1,542,880 80
200,000 00
Surplus over capital, $1,342,880 80
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$152,257 18
1,193,551 28
$1,345,808 46
144,368 97
$1,201,439 49
301,176 60
$900,262 89
* Value of lands mortgaged, $2,135,770 00
Value of buildings thereon 1,027,950 00
Amount of insurance held as collateral, .... 61S.550 00
t Including $200,000 special reserve held by treasurer of State of Wisconsin.
THE NASSAU FIRE INSURANCE CO. OF BROOKLYN. 305
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Income from all other sources, ....
Gross cash income, . . . . • .
Expenditures.
Cash paid for fire losses, $651,229
Deduct salvage and reinsurance, . . . 120,296
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
$78,869 43
41,259 97
3,914 00
3,787 10
$1,028,093 39
01
47
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, . . .
Deduct amount reinsured,
Net amount in force,
$152,296,066
. 96,037,125
$530,932 54
80,000 00
219,223 54
65,818 46
40,648 59
1,067 15
77,192 02
$1,014,882 30
Premiums.
00 $1,800,307 39
00 1,193,551 2&
$248,333,191
. 95,183,489
00 $2,993,858 66
00 1,186,831 67
$153,149,702
. 17,256,962
00 $1,807,026 99
00 216,197 58
$135,892,740 00 $1,590,829 41
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (40 per cent.),
Company's stock owned by directors, ....
$16,105,689 00
8,160,241 00
521,379 00
900,000 00
80,000 00
61,580 00
"THE NASSAU FIRE INSURANCE COMPANY OF BROOKLYN/'
NEW YORK, N. Y.
[Incorporated Jan. 30, 1852. Commenced business Feb. 3, 1852.]
Paid-up Capital, $200,000.
WM. T. LANE, President. THOS. M. HARRIS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
. $200,000 00 $241,925 00
10,000 00 29,000 00
United States bonds, .
Nassau National Bank stock, .
306
THE NASSAU FIRE INSURANCE CO. OF BROOKLYN.
Mechanics' Bank stock, .
National City Bank stock,
Brooklyn Bank stock,
Brooklyn City R.R. stock,
Brooklyn Rapid Transit bonds,
Portland Gas Light Co. bonds,
Portland Gas Light Co. stock, .
Par Value.
$8,600 00
2,500 00
5,000 00
80,000 00
15,000 00
25,000 00
12,500 00
Market Value.
$17,200 00
7,250 00
5,500 00
186,400 00
16,200 00
25,000 00
3,125 00
$358,600 00 8531,600 00
Summary of Assets Dec 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $7,154 44
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Due for borrowed money, . . .
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$531,600 00
118 20
3,850 90
5,748 95
27,156 16
Surplus over capital,
16,500 00
8,000 00
76,217 63
28,000 00
2,000 00
1,436 91
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected, . • .
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents,
$20,715 07
6,188 10
$14,526 97
126,285 39
$140,812 36
34,310 60
$106,501 76
29,159 12
$568,474 21
122,154 54
$446,319 67
200,000 00
$246,319 67
$77,342 64
21,777 50
1,767 42
Gross cash income, , $100,887 56
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
307
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$86,266 71
1,667 60
$84,599 11
20,000 00
4,306 84
10,153 43
1,046 07
7,801 90
Gross cash expenditures, $127,907 35
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
.$15,152,369 00 $105,590 81
. 15,602,862 00 126,285 39
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$30,755,231 00 $231,876 20
. 11,205,675 00 79,419 02
. $19,549,556 00 $152,457 18
609,342 00 2,886 95
.$18,940,214- 00 $149,570 23
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, . . ...
$3,232,860 00
1,276,682 00
77,560 00
1,302,500 00
20,000 00
39,250 00
"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD,"
HARTFORD, CONN.
[Incorporated June 4, 1869. Commenced business Dec. 1, 1871.]
Paid-up Capital, $1,000,000.
JAMES NICHOLS, President. B. It. STILLMAN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Atch., Topeka & Santa Fe R'y bonds, . . $25,000 00 $25,000 00
Bangor & Aroostook R.R. Co. bonds, . . 15,000 00 16,500 00
Buffalo R'y Co. bonds, 25,000 00 27,500 00
Chesapeake & Ohio' R'y Co. bonds, . . . 20,000 00 19,000 00
308
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
Chicago, Burl. & Quincy R R. Co. bonds,
Chicago & Ind. Coal R'y Co. bonds,
Chicago, Mil. & St. Paul R.R. Co. bonds,
Chic. North Shore St. R'y Co. bonds,
Chicago & Northwestern R.R. Co. bonds,
Chic. Term. Transf. R.R. Co. bonds,
Chicago & Western Ind. R R. Co. bonds,
Cin., Dayton & Ironton R.R. Co. bonds, .
Cin., Indian., St. Louis & Chic. R.R. Co. bonds
Cleve., Cin., Chic. & St. Louis R'y Co. bonds,
Cleve., Col., Cin. & Indian. R.R. Co. bonds,
Cleve., Loraine & Wheeling R.R. Co. bonds,
Danbury & Norwalk R.R. Co. bonds,
East Tenn., Va. & Ga. R.R. Co. bonds, .
Erie Railway Co. bonds, ....
Evansville & Terre Haute R.R. Co. bonds,
Hartford & Conn. Western R.R. Co. bonds,
Houston & Texas Cent. R.R. Co. bonds, .
Hunt. & Broad Top Mt. R.R. & Coal Co. bonds
Iowa Central R'y Co. bonds, .
Kanawha & Michigan R'y Co. bonds,
Kansas City Cable Li'y Co. bonds, .
Knoxville & Ohio R.R. Co. bonds, .
Louis., New Albany & Chic. R'y Co. bonds,
Louisville & Nashville R.R. Co. bonds, .
Minneapolis & St. Louis R.R. Co. bonds,
Mobile & Ohio R.R. Co. bonds,
Morgan's La. & Texas R.R. & S.S. Co. bonds,
Nash., Chat. & St. Louis R'y Co. bonds, .
Naumkeag Street R'y Co. bonds,
N. Y., N. H. & Hart. R.R. deben. certs., .
Nodaway Valley R.R. Co. bonds,
Norfolk & Western R.R. bonds,
Northern Ohio R'y Co. bonds, .
Northwestern Elevated R.R. Co. bonds, .
Peoria & Pekin Union R'y Co. bonds,
Piedmont & Cumberland R'y Co. bonds, .
Richmond & Danville R.R. Co. bonds,
Rochester & Pittsburg R.R. Co. bonds, .
Sandusky, Mans. & Newark R.R. Co. bonds,
St. Louis & San Francisco R'y Co. bonds,
St. Paul & Northern Pacific R'y Co. bonds,
Seaboard & Roanoke R.R. Co. bonds,
Savan., Florida & Western R'y Co. bonds,
Southern Pacific R.R. Co. bonds,
Southern Railway Co. bonds, .
Toledo & Ohio Cent. Railway Co. bonds,
Toledo Traction Co. bonds,
Par Value.
$2,000 00
40,000 00
30,000 00
25,000 00
19,000 00
20,000 00
61,000 00
10,000 00
35,000 00
4,000 00
35,000 00
50,000 00
10,000 00
30,000 00
50,000 00
10,000 00
10,000 00
35,000 00
25,000 00
50,000 00
15,000 00
33,000 00
20,000 00
35,000 00
25,000 00
15,000 00
25,000 00
47,000 00
15,000 00
20,000 00
30,000 00
5,000 00
11,000 00
50,000 00
25,000 00
40,000 00
25,000 00
20,000 00
51,000 00
40,000 00
50,000 00
35,000 00
50,000 00
25,000 00
25,000 00
24,000 00
67,000 00
25,000 00
Market Value.
$2,000 00
41,600 00
34,900 00
25,500 00
21,280 00
19,000 00
70,550 00
10,800 00
35,700 00
4,000 00
45,500 00
54,000 00
11,500 00
34,500 00
67,500 00
10,000 00
10,000 00
38,500 00
26,250 00
55,000 00
13,500 00
33,000 00
23,600 00
39,200 00
31,250 00
14,550 00
31,250 00
61,570 00
16,500 00
20,400 00
55,500 00
5,000 00
10,450 00
55,000 00
26,000 00
40,000 00.
26,250 00
20,400 00
63,240 00
42,000 00
61,500 00
44,800 00
52,500 00
27,000 00
26,250 00
25,200 00
71,700 00
25,000 00
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
309
Union Pacific R.R. Co. bonds,
Wabash Railroad Co. bonds,
West Va Cent & Pitts. R'y Co. bonds,
Wheeling & Lake Erie R'y Co. bonds,
Galveston city bonds,
Georgia State bonds,
Lincoln city bonds, .
Portland city bonds, .
Richmond city bonds,
Silver City, N. M., bonds,
Territory of Arizona bonds,
Brooklyn Wharf & Warehouse Co. bonds,
Galveston Wharf Co. bonds, .
National Bond & Security Co. bonds,
Sch. Dist. No. 2, Springwells Twp., Mich., b'ds
Suffield & Thompsonville Bridge Co. bonds,
45 shares Atch., Top. & Santa Fe R.R. Co.,
300 " Belt R.R. & Stock Yd. Co., Ind'lis,
200 " Cleveland & Pittsburgh R.R. Co.,
125 " Chic, Burl. & Quincy R.R. Co.,
363 " Chic, Rock Isl. & Pacific R.R. Co.,
200 " Ft. Wayne & Jackson R.R. Co.,
200 " Georgia R.R. & Banking Co., .
167 " Illinois Central R.R. Co.,
750 " N. Y., N. H. & Hartford R.R. Co.,
200 " New York & Harlem R.R. Co.,
575 " N. Y. Cent. & H. R. R.R. Co.,
154 " Norfolk & Western R.R. Co., .
150 " Oswego & Syracuse R.R. Co.,
836 " Pennsylvania R.R. Co., .
100 " Peoria & Bureau Valley R.R. Co.,
200 " Pitts., Ft. Wayne & Chic. R.R. Co.
25 " St. Jos., So. B'd & South'n R.R. Co.
80 " Southern Railway Co., .
150 " Union Pacific Railroad Co.,
250 " iEtna National Bank, Hartford,
17 " Charter Oak National Bank, Hart.,
25 " Central National Bank, N. Y.,
46 " City Bank, Hartford,
100 " Far. & Mech. Nat'l Bank, Hart.,
509 " Hartford National Bank, Hart.,
360 " Nat'l Exch. Bank, Hartford, .
75 " Nat'l Bank of the Repub., Boston,
10 " Natl Bank of Com., Kan. City,
450 " Phoenix Nat'l Bank, Hartford,
100 " St. Paul Nat'l B'k, St. Paul, Minn.,
25 " Second Nat'l Bank, New Haven,
100 " Thames National Bank, Norwich,
Par Value.
$50,000 00
20,000 00
75,000 00
20,000 00
25,000 00
25,000 00
12,000 00
50,000 00
50,000 00
10,000 00
20,000 00
50,000 00
25,000 00
10,000 00
12,000 00
28,000 00
4,500 00
15,000 00
10,000 00
12,500 00
36,300 00
20,000 00
20,000 00
16,700 00
75,000 00
10,000 00
57,500 00
15,400 00
7,500 00
41,800 00
10,000 00
20,000 00
2,500 00
8,000 00
15,000 00
25,000 00
51,700 00
2,500 00
4,600 00
10,000 00
50,900 00
18,000 00
7,500 00
1,000 00
45,000 00
10,000 00
2,500 00
10,000 00
Market Value.
$52,000 00
22,400 00
84,000 00
22,200 00
25,000 00
28,750 00
12,000 00
61,500 00
50,000 00
10,000 00
21,000 00
35,000 00
25,000 00
10,000 00
12,000 00
28,000 00
3,600 00
12,500 00
18,000 00
16,250 00
39,930 00
28,000 00
42,000 00
20,450 00
153,750 00
40,000 00
77,625 00
11,550 00
15,000 00
58,520 00
20,000 00
36,000 00
1,500 00
4,800 00
11,250 00
45,000 00
50,666 00
4,125 00
5,060 00
11,500 00
69,224 00
21,600 00
10,500 00
1,200 00
54,450 00
9,000 00
4,250 00
15,000 00
310
NATIONAL FIRE INSURANCE CO. OF HARTFORD.
809 shares Commercial Union Telegraph Co.,
100 " Gold & Stock Telegraph Co., .
207 " Hartford City Gas Lt. Co., Hart.,
600 " HI. & Miss. Telegraph Co., .
500 " Northwestern Telegraph Co.,.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
Par Value.
$20,225 00
10,000 00
5,175 00
30,000 00
25,000 00
Market Value.
$24,876 00
11,600 00
9,315 00
21,600 00
28,750 00
Balance, $4,842,442 38
$2,692,800 00 $3,175,981 00
31, 1900.
$331,784 94
708,815 00
3,175,981 00
545 93
286,594 15
488,971 36
$4,992,692 38
150,250 00
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Reserve for contingencies,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$84,755 86
139,996 22
22,737 79
2,045,419 76
70,903 04
70,000 00
3,385 38
25,000 00
$2,462,198 05
61,111 73
2,401,086 32
. ^2,441,356 06
. 1,000,000 00
$1,441,356 06
Income.
Fire premiums outstanding Dec. 31, 1899, . $438,477 18
Premiums on risks written or renewed, . . 3,691,385 98
Total $4,129,863 16
Premiums now in course of collection, . . 488,971 36
Entire premiums collected, .... $3,640,891 80
Less reinsurance and return premiums, . . 905,304 68
Net cash fire premiums received, . . .
$2,735,587 12
* Value of lands mortgaged, $1,054,530 00
Value of buildings thereon, 1,03S,600 00
Amount of insurance held as collateral, . . . 6S4.S30 00
NATIONAL-STANDARD INSURANCE CO. OF NEW YORK. 311
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Income from profit on sale of investments,
$41,961 04
149,122 88
3,026 01
2,781 75
Gross cash income, $2,932,478 80
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance, . . .
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$1,796,024
271,139
13
20
Fire risks outstanding Dec. 81, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$390,393,438
. 380,426,541
$ 1,524,884 93
120,000 00
467,903 20
183,241 96
94,541 63
355,248 17
$2,745,819 89
Premiums.
00 $3,904,803 62
00 3,691,385 98
$770,819,979
. 300,568,177
00 $7,596,189 60
00 2,984,245 16
$470,251,802
. 68,784,295
00 $4,611,944 44
00 598,898 22
$401,467,507 00 $4,013,046 22
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$31,197,348 00
16,338,441 00
1,561,517 00
2,657,000 00
120,000 00
85,300 00
"NATIONAL-STANDARD INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Feb. 14, 1896. Commenced business Feb. 20, 1896.]
Paid-up Capital, $200,000.
JOEL FRANCIS FREEMAN, President. EMIL G. PIEPER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $200,000 00 $212,000 00
New York city bonds, 200,000 00 211,650 00
$400,000 00 $423,650 00
312 NATIONAL-STANDARD INSURANCE CO. OF NEW YORK.
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
$423,650 00
9 64
63,151 17
2,436 61
58,511 08
162 00
1547,920 50
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance, ....
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
$2,218 00
25,475 00
1,635 00
$29,328 00
9,841 00
$19,487 00
144,443 20
12,348 70
6,818 58
10,530 15
193,627 63
$354,292 87
200,000 00
8154,292 87
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Profit on sale of bonds,
$42,877 32
404,987 61
$447,864 93
58,511 08
$389,353 85
150,474 26
Gross cash income,
8238,879 59
13,292 18
25,750 00
$277,921 77
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
$247,547 88
66,644 61
$180,903 %
NEWARK FIRE INSURANCE CO.
313
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, .
$1,748 70
1,484 36
$264 34
24,000 00
72,935 65
2,765 00
7,820 06
2,334 39
■ • t •
$291,022 71
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $27,512,584 00 $257,213 52
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
. 38,655,272 00 404,987 61
,167,856 00 $662,201 13
34,235,215 00 317,669 35
.$31,932,641 00
. 6,447,870 00
$344,531 78
63,896 73
Net amount in force, .
.$25,484,771 00 $280,635 05
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, ....
$1,121,709 00
649,626 00
157,361 00
474 00
102,000 00
24,000 00
92,000 00
" NEWARK FIRE INSURANCE COMPANY," NEWARK, N. J.
[Incorporated May 14, 1810. Commenced business May 14, 1S10.]
Paid-up Capital, $250,000.
JOHN J. HENRY, President. EDWARD E. HORSCHEL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $38,000 00 f 43,400 00
West Shore R.R. bonds 48,000 00 54,800 00
Orange & Newark H. C. R.R. bonds, . . 25,000 00 26,750 00
Newark & Bloomfield Street R.R. bonds, . 2,000 00 2,000 00
Essex Passenger R.R. bonds, .... 5,000 00 5,350 00
Hoboken Land & Improvement bonds, . . 25,000 00 26,250 00
Essex County bonds, 25,000 00 28,000 00
314
NEWARK FIRE INSURANCE CO.
Newark Gas Co. bonds, .
Morris & Essex R.R. stock,
Newark city water bonds,
National State Bank stock,
National Newark Banking Co. stock,
Newark City National Bank stock, .
Elizabeth city bonds,
Par Value.
$10,000 00
20,000 00
4,000 00
15,900 00
7,700 00
14,250 00
15,000 00
Market Value.
1 14,000 00
37,000 00
4,480 00
29,415 00
15,400 00
26,362 50
15,000 00
$254,850 00 $328,207 50
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $3,186 19
Gross assets,
$89,500 00
230,580 00
3,113 92
328,207 50
695 52
15,068 66
3,101 65
19,215 25
555 00
$690,037 50
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Dividends to stockholders unpaid, .
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$2,147 70
2,565 42
3,850 00
$8,563 12
61 77
$8,501 35
109,589 41
6,885 35
517 10
4,587 54
641 97
50 00
130,772 72
$559,264 78
250,000 00
8309,264 78
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
£228,650 00
380,200 00
3U.SO0 00
NEWARK FIRE INSURANCE CO.
315
Income.
Fire premiums outstanding Dec. 31, 1899, . $17,722 12
Same not collected, 861 08
Net collected, $16,861 04
Premiums on risks written or renewed, . . 158,747 05
Total, $175,608 09
Premiums now in course of collection, . . 22,401 44
Entire premiums collected, .... $153,206 65
Less reinsurance and return premiums, . . 25,924 55
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income,
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for expenses on real estate,
for incidentals, ....
Gross cash expenditures, ....
591,250 84
12,950 25
$127,282 10
12,498 12
14,305 30
1,793 45
$155,878 97
$78,300 59
24,797 00
27,693 69
20,984 18
6,898 05
853 28
12,212 80
$171,739 59
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
.$27,424,249 00 $215,410 04
. 19,812,666 00 158,747 05
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $47,236,915 00 $374,157 09
. 18,512,690 00 144,916 67
.$28,724,225 00 $229,240 42
. 1,875,700 00 13,516 40
. $26,848,525 00 $215,724 02
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, . . . .
$5,252,015 00
2,712,962 00
73,400 00
890,577 00
25,000 00
24,865 00
316
NEW HAMPSHIRE FIRE INSURANCE CO.
"NEW HAMPSHIRE FIRE INSURANCE COMPANY,"
MANCHESTER, N. H.
[Incorporated 1869. Commenced business April, 1870.]
Paid-up Capital, $1,000,000.
U. C. CROSBY, President. F. W. SARGEANT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States government bonds, . . . $25,000 00 $28,500 00
City of Cleveland, O., bonds, .... 50,000 00 51,000 00
City of Columbus, O , bonds, .... 10,000 00 10,500 00
City of Ashtabula, O., bonds, .... 6,000 00 6,000 00
City of Dayton, O., bonds, .... 2,000 00 2,000 00
City of Salem, Mass., bonds, .... 7,000 00 7,000 00
City of East Portland, Ore., bonds, . . . 25,000 00 30,000 00
City of Seattle, Wash., bonds, .... 10,000 00 10 : 500 00
City of Moorhead, Minn , bonds, . . . 6,000 00 6,000 00
State of Georgia bonds, 10,000 00 11,500 00
Central R.R. Co. of New Jersey bonds, . . 30,000 00 36,550 00
Watertovvn & Rome R R. bonds, . . . 10,000 00 11,000 00
Holly, Wayne & Monroe R'y Co. bonds, . . 25,000 00 25,000 00
New York & New England R.R. bonds, . . 20,000 00 22,400 00
Boston, Concord & Montreal R.R. bonds, . 50,000 00 60,000 00
Concord & Montreal R.R. bonds, . . . 140,000 00 148,400 00
Fitchburg R.R. bonds, 40,000 00 42,000 00
Atchison, Topeka & Santa Fe R.R. bonds, . 50,000 00 50,000 00
Grand Rapids, Belding & Saginaw R.R. bonds, 8,000 00 8,800 00
Chicago, Burlington & Quincy R.R. bonds, . 53,000 00 56,150 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 25,000 00 25,000 00
Union Pacific R.R. bonds, 10,000 00 10,500 00
Northern Pacific R.R. bonds, .... 25,000 00 25,000 00
Oregon Short Line R.R. bonds, . . . 20,000 00 24,200 00
Michigan Central R.R. bonds, .... 35,000 00 36,750 00
Montana Central R.R bonds, .... 25,000 00 29,250 00
Lehigh Valley Terminal R'y Co. bonds, . . 25,000 00 27,500 00
Utah & Northern R.R. bonds, .... 12,000 00 14,280 00
West End Street R'y Co. bonds, . . . 5,000 00 5,150 00
Hillsborough County, N. H., bonds, . . 15,000 00 15,000 00
Adams Express Co. bonds, .... 25,000 00 26,000 00
Minneapolis Gas Light Co. bonds, . . . 20,000 00 ,000 00
Central Loan & Land Co. bonds, . . . 14,300 00 9,800 00
National Loan & Trust Co. bonds, . . . 10,000 00 7,500 00
Nashua Card & Glazed Paper Co. bonds, . 10,000 00 10,000 00
Grand Forks Gas & Electric Co. bonds, . . 5,000 00 5,000 00
Minneapolis General Electric Co. bonds, . . 25,000 00 25,500 00
Swift & Co., Chicago, bonds, .... 25,000 00 25,500 00
NEW HAMPSHIRE EIRE INSURANCE CO.
317
American Telephone & Telegraph Co. bonds,
Erie Telegraph and Telephone Co. bonds,
Suncook Valley R.R. stock,
Pennsylvania R.R. stock, ....
N. Y. Central & Hudson River R.R. stock,
N. Y., New Haven & Hartford R.R. stock,
Norwich & Worcester R.R. stock, .
Pemigewasset Valley R.R. stock,
Boston & Albany R.R. stock, .
Boston & Maine R.R. stock,
Concord & Montreal R.R. stock,
Delaware & Hudson Canal Co. stock,
Maine Central R.R. stock,
Northern R.R., N. H., stock,
Fitchburg R.R. stock, ....
Pittsburg, Fort Wayne & Chicago R.R. stock
Chicago, Burlington & Quincy R.R. stock,
Illinois Central R.R. stock,
Chicago, Rock Island & Pacific R.R. stock,
Chic. June. R'ys & Union Stock Yards Co. stock
Chicago & Northwestern R.R. stock,
Chicago, Milwaukee & St. Paul R.R. stock,
Merchants' N'l B'k, Manchester, N. H., stock,
Pemigewasset N'l B'k, Plymouth, N. H., stock
First Nat'l Bank, Peterborough, N. H., stock,
First National Bank, Concord, N. H., stock,
Laconia National Bank, Laconia, N. H., stock
Lancaster Nat'l Bank, Lancaster, N. H., stock
Lancaster Trust Co., Lancaster, N. H., stock,
Exeter Banking Co., Exeter, N. H., stock,
Amoskeag Mfg. Co., Manchester, N. H., stock
Amory Manufacturing Co. stock,
Manchester Mills, Manchester, N. H., stock,
Stark Mills, Manchester, N. H., stock,
Quincy R.R. Bridge Co. stock, .
Pullman's Palace Car Co. stock,
Manchester, N. H., Gas Light Co. stock, .
American Express Co. stock, .
Adams Express Co. stock,
Par Value.
f 15,000 00
15,000 00
4,000 00
55,000 00
57,500 00
40,000 00
5,000 00
26,000 00
20,000 00
30,000 00
37,500 00
30,000 00
10,000 00
13,000 00
10,000 00
20,000 00
77,400 00
50,000 00
22,000 00
20,000 00
40,000 00
20,000 00
13,000 00
6,000 00
5,000 00
8,000 00
1,700 00
5,000 00
2,500 00
1,000 00
10,000 00
3,300 00
40,000 00
10,000 00
20,000 00
30,000 00
2,000 00
10,000 00
10,000 00
Market Value.
$15,000 00
15,000 00
4,800 00
77,000 00
80,500 00
83,600 00
10,000 00
32,500 00
49,000 00
55,000 00
73,125 00
34,500 00
16,000 00
21,190 00
13,500 00
36,000 00
104,490 00
62,500 00
24,640 00
25,000 00
64,000 00
30,000 00
16,250 00
8,400 00
6,500 00
24,000 00
1,700 00
6,250 00
2,500 00
1,100 00
17,000 00
4,455 00
39,200 00
10,000 00
40,000 00
60,000 00
12,000 00
16,000 00
14,000 00
$1,703,200 00 $2,171,930 00
Securities held as collateral for cash loans : —
250 shares Swift Refrig. Transportation Co., .
426 " Exeter Mfg. Co., ....
Exeter Mfg. Co. bonds,
Mortgage note,
Market Value. Loaned Thereon.
$32,500 00
21,300 00
12,000 00
4,000 00
$25,000 00
25,000 00
2,755 00
$69,800 00 $52,755 00
318
NEW HAMPSHIRE FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Miscellaneous,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
$156,417 83
585,374 00
6,551 00
2,171,930 00
52,755 00
601 75
248,377 64
1,337 45
191,575 46
$66,408 04
97,858 00
16,520 00
1,177,182 78
47,893 86
5,802 42
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Gross cash income,
sources,
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
$1,019,888 67
190,994 61
$3,414,920 13
1,411,665 10
. $2,003,255 03
. 1,000,000 00
. $1,003,255 03
$218,934 89
1,741,658 38
$1,960,593 27
191,575 46
$1,769,017 81
464,892 03
$1,304,125 78
33,727 35
102,233 73
16,870 75
13,023 26
$1,469,980 87
$828,894 06
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$60-2,442 00
250 00
534,650 00
NEW YORK FIRE INSURANCE CO.
319
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, . . . .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$178,246,554 00
151,157,717 00
$329,404,271 00
118,186,700 00
$211,217,571 00
13,519,753 00
$100,000 00
305,609 63
65,143 78
60,698 65
110,948 35
1,471,294 47
Premiums.
$2,251,530 44
1,741,658 38
$3,993,188 82
1,534,780 50
$2,458,408 32
151,521 71
$197,697,818 00 $2,306,886 61
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$18,017,462 00
9,776,759 00
851,876 00
1,273,000 00
100,000 00
230,100 00
"NEW YORK FIRE INSURANCE COMPANY OF THE CITY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.]
Paid-up Capital, $200,000.
AUGUSTUS COLSON, President. CHARLES A. HULL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $200,000 00
N. Y., New Haven & Hartford R.R. stock, . 10,000 00
N. Y. Central & Hudson River R.R. stock, . 10,000 00
Pennsylvania R.R. stock, 10,000 00
Delaware, Lack. & Western R.R. stock, . . 10,000 00
Market Value.
$214,000 00
21,200 00
14,400 00
14,800 00
19,300 00
$240,000 00 $283,700 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $100,000 00
Stocks and bonds, as per schedule, . . . 283,700 00
Cash in the office of the company, . , . 3,701 20
320
NEW YORK FIRE INSURANCE CO.
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$7,778 67
240 27
36,800 07
54 17
$432,274 38
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, ,
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$1,418 05
29,056 30
334 60
$30,808 95
2,242 25
$28,566 70
162,004 39
5,751 98
91 12
196,414 19
$235,860 19
200,000 00
Surplus over capital, $35,860 19
Income.
Fire premiums outstanding Dec. 31, 1899, . $25,422 61
Premiums on risks written or renewed, . . 210,615 63
Total, $236,038 24
Premiums now in course of collection, . . 30,642 63
Entire premiums collected, .... $205,395 61
Less reinsurance and return premiums, . . 37,098 03
Net cash fire premiums received, . . . $168,297 58
Marine premiums outstanding Dec. 31, 1899, . $6,157 51
Premiums on risks written or renewed, . . 81,851 61
Total, $88,009 12
Premiums now in course of collection, . . 6,157 44
Entire premiums collected, .... $81,851 68
Less reinsurance and return premiums, . . 7,200 94
Net cash marine premiums received, . . 74,650 74
Interest and dividends received from all sources, . . . 12,537 86
Income from rents, 1,908 30
Gross cash income, $257,394 48
NEW YORK FIRE INSURANCE CO.
321
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$116,127 43
2,153 18
$47,054 83
1,854 89
Gross cash expenditures,
$113,974 25
45,199 94
12,000 00
46,712 39
26,908 20
5,944 87
10,669 06
$261,408 71
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
,953,753 00 $166,473 24
25,909,855 00 210,615 63
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, . . .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$46,863,608 00 $377,088 87
25,891,651 00 198,454 56
$20,971,957 00 $178,634 31
233,183 00 1,955 75
$20,738,774 00 $176,678 56
$1,576,915 00 $46,885 71
3,035,962 00 81,851 61
14,612,877 00 $128,737 32
2,481,653 00 56,633 78
$2,131,224 00 $72,103 54
55,300 00 1,805 26
. $2,075,924 00 $70,298 28
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$6,231,570 00
2,935,000 00
108,102 00
47,142 00
1,502,000 00
12,000 00
. 65,900 00
322
NIAGARA FIRE INSURANCE CO.
" NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated July, 1850. Commenced business August, 1850.]
Paid-up Capital, $500,000.
HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $85,000 00 $108,750 00
Territory New Mexico bonds, .... 10,000 00 10,000 00
New York city school bonds, .... 200,000 00 200,000 00
New York city water bonds, .... 60,000 00 60,000 00
Additional water bonds of the city of N. Y., . 100,0u0 00 100,000 00
Corporation bonds of the city of N. Y., . . 25,000 00 27,500 00
Corporate stock of the city of N. Y., . . 100,000 00 107,500 00
Wabash R'y Co. bonds, 20,000 00 23,000 00
Chic, St. Paul, Minn. & Omaha R'y Co. bonds, 15,000 00 19,500 00
Northern Pacific R'y Co. bonds, . . . 30,000 00 30,000 00
Atch., Topeka & Santa Fe R.R bonds, . . 25,000 00 25,000 00
Denver & Rio Grande R.R. Co. bonds, . . 15,000 00 15,000 00
Union Pacific R.R. bonds, 30,000 00 30,000 00
Baltimore & Ohio R'y Co. bonds, . . . 50,000 00 48,750 00
Norfolk & Western R'y Co. bonds, . . . 25,000 00 25,000 00
Central Pacific R.R. bonds, .... 50,000 00 50,000 00
Town of Lake (111.) Gas Co. bonds, . . 20,000 00 20,000 00
Lehigh & Wilkes Barre Coal Co. bonds, . . 20,000 00 20,000 00
Lehigh Coal & Navigation Co. bonds, . . 25,000 00 25,000 00
1,000 shares Lehigh Coal & Navigation Co., . 50,000 00 60,000 00
600 " Chic. & Northwes'n R'y Co., . 60,000 00 102,600 00
300 " N. Y., Lack. & Western R'y, . 30,000 00 40,200 00
2,200 " Chic, Mil. & St. P'l R.R, . . 220,000 00 359,000 00
1,000 " Central R.R. of N. J., . . . 100,000 00 145,000 00
1,000 " Northern Pacific R.R., . . . 100,000 00 87,000 00
1,000 " Union Pacific R R., . . . 100,000 00 84,000 00
100 " Pitts., Ft. W. & Chic R.R., . ' . 10,000 00 18,600 00
100 " Renssel. & Saratoga R.R., . . 10,000 00 19,500 00
200 " Clevc & Pitts. R.R., . . . 10,000 00 18,600 00
1,600 " Pennsylvania R.R , . . . 80,000 00 116,000 00
400 " Morris & Essex R.R., . . . 20,000 00 37,200 00
1,000 " N. Y. Central & Hud. Riv.R.R., . 100,000 00 141,000 00
350 " Amer. Exch. N'l Bank, . . . 35,000 00 66,500 00
§ 1,830,000 00 $2,240,200 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $311,375 00
Interest due or accrued thereon, . . . 7,706 21
* Value of property mortgaged,
Amount of insurance held as collateral,
$2,306,500 00
119,500 00
NIAGARA FIRE INSURANCE CO.
323
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Prem's more than three mos. due, $792 50
Gross assets,*
Deduct special deposits in other States, .
Balance,
$2,240,200 00
654 28
66,848 47
2,466 67
270,139 43
$2,899,390 06
118,750 00
$2,780,640 06
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1899
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Gross cash income,
),614 96
120,305 69
13,637 50
$223,558 15
50,729 46
$172,828 69
1,354,147 26
42,749 34
17,829 56
1,020 35
$1,588,575 20
2,507 01
$239,465 78
2,318,518 90
$2,557,984 68
270,139 43
$2,287,845 25
634,023 60
sources,
1,586,068 19
11,194,571 87
500,000 00
$694,571 87
$1,653,821 65
21,048 88
80,562 36
3,864 00
$1,759,296 89
* Including $250,000 special reserve held under New York laws.
324 THE NORTH BRITISH AND MERCANTILE INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$1,326,920
301,836
15
00
Gross cash expenditures,
$ 1,025,084 15
50,000 00
314,451 55
156,581 60
47,668 11
146,288 76
$1,740,074 17
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
0310,610,626
. 226,161,265
Premiums.
00 02,817,152 87
00 2,318,518 90
$536,771,891
.209,311,670
00 $5,135,671 77
00 2,073,215 09
$327,460,221
. 48,222,936
00 $3,062,456 68
00 430,658 44
0279,237,285 00 $2,631,798 24
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$44,525,651 00
24,653,217 00
1,035,402 00
2,634,000 00
50,000 00
165,650 00
"THE NORTH BRITISH AND MERCANTILE INSURANCE
COMPANY OF NEW YORK," NEW YORK, N. Y.
[Incorporated in 1897. Commenced business 1897.]
Paid-up Capital, $200,000.
E. G. RICHARDS, President. V.^ S ?I?? S J I Secretaries.
J. F. HASTINGS,
H. M. JACKSON,
Detailed Statement of Stocks and Bonds.
Par Value.
f 50,000 00
50,000 00
50,000 00
50,000 00
61,000 00
25,000 00
United States bonds, .
New York State bonds,
City of Brooklyn bonds, .
New York city bonds,
Pennsylvania Company bonds,
New York City Rapid Transit bonds,
Market Value.
$56,500 00
51,000 00
54,000 00
50,000 00
69,540 00
28,000 00
f286,000 00 $309,040 00
THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 325
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, $111 21
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance, ....
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
$309,040 00
11,722 81
3,442 00
12,853 13
1,102 49
$2,273 76
4,472 45
|6,746 21
6,700 11
$46 10
19,600 03
2,772 32
2,751 28
Total,
Premiums now in course of collection,
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
$4,698 33
86,002 12
$90,700 45
12,964 34
$77,736 11
54,321 41
$338,160 43
25,169 73
$312,990 70
200,000 00
$112,990 70
$23,414 70
9,502 98
Gross cash income, $32,917 68
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$26,389 06
25,228 69
$1,160 37
3,549 08
550 00
3,423 88
1,596 25
$10,279 58
326
NORTHERN INSURANCE CO. OF NEW YORK.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$8,052,377 00
10,519,606 00
Premiums.
$67,878 92
86,002 12
$18,571,983 00 $153,881 04
8,392,792 00 65,633 98
.$10,179,191 00 $88,247 06
. 4,809,939 00 53,159 58
. $5,369,252 00 $35,087 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$101,411 00
77,488 00
885 00
5,500 00
"NORTHERN INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Oct. 22, 1S97. Commenced business Oct. 25, 1S97.]
Paid-up Capital,, $250,000.
LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Valae.
New York city bonds, $175,000 00 $185,500 00
United States bonds, 150,000 00 205,375 00
West Shore R.R. bonds, 25,000 00 28,750 00
200 shares Del., Lack. & Western R.R., . . 10,000 00 19,400 00
$360,000 00 $439,025 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Gross assets,
Liabilities.
Losses claimed and reported, .
Less reinsurance,
$439,025 00
55,266 80
4,154 16
27,958 35
10,646 06
$118,811 28
82,084 69
f 537, 050 37
Net amount of unpaid losses, .
$36,726 59
NORTHERN INSURANCE CO. OF NEW YORK. 327
Unearned premiums on outstanding risks, . $ 107,453 91
Commissions and brokerage, .... 8,553 95
Reinsurance, 64 24
Reinsurance disallowed, 16,348 30
Gross liabilities, except capital, . . $169,146 99
Surplus as regards policy holders, $367,903 38
Paid-up capital, 250,000 00
Surplus over capital, $117,903 38
Income.
Fire premiums outstanding Dec. 31, 1899, . $34,900 41
Premiums on risks written or renewed, . . 296,508 29
Total, $331,408 70
Premiums now in course of collection, . . 27,958 35
Entire premiums collected, .... $303,450 35
Less reinsurance and return premiums, . . 228,775 36
Net cash fire premiums received, . . . $74,674 99
Interest and dividends received from all sources, . . . 7,806 67
Assets acquired from East'n by merger proc'd'g, $ 193,852 80
Received for increased capital, . . . 50,000 00
Gross cash income, $82,481 66
Expenditures.
Cash paid for fire losses, $332,523 44
Deduct salvage and reinsurance, . . . 220,036 21
Net cash paid for fire losses, .... $112,487 23
Cash paid for commissions and brokerage, .... 61,591 77
for salaries of officers, 20 00
for State and local taxes, 5,149 73
for incidentals, 3,694 14
Gross cash expenditures, . $182,942 87
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $39,861,184 00 $394,771 24
Fire risks written during 1900, . . . 29,087,007 00 296,508 29
Total, $68,948,19100 $691,279 53
Deduct risks expired and terminated, . . 44,734,011 00 429,095 69
In force at end of year, $24,214,180 00 $262,183 84
Deduct amount reinsured, .... 4,403,512 00 40,054 13
Net amount in force $19,810,668 00 $222,129 71
328
THE NORTH GERMAN FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, .
$765,659 00
492,775 00
89,757 00
12,000 00
70,600 00
"THE NORTH GERMAN FIRE INSURANCE COMPANY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated May 15, 1899. Commenced business June 17, 1899.]
Paid-up Capital, $200,000.
C. PERGER, President. E. HARBERS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
Union Pacific R.R. bonds $25,000 00
United States bonds, 25,000 00
New York city bonds, 218,000 00
Market Valne.
$26,437 50
26,500 00
220,675 00
§268,000 00 $273,612 50
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$273,612 50
129 52
5,411 47
1,733 32
21,184 19
$302,071 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
$486 98
4,437 40
2,735 00
$7,659 38
273 35
$7,386 03
58,819 33
7,873 63
1,083 01
75,162 00
$226,909 00
200,000 00
$26,909 00
THE NORTH GERMAN FIRE INSURANCE CO.
329
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources, .
$28,300 43
143,185 42
$171,485 85
21,184 19
$150,301 66
44,911 62
$105,390 04
8,785 61
Gross cash income, $114,175 65
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$50,840 00
7,457 39
$43,382 61
30,336 90
3,942 20
4,814 67
4,279 50
Gross cash expenditures,
,755 88
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$4,850,148 00
12,961,552 00
Premiums.
$50,513 39
143,185 42
$17,811,700 00 $193,698 81
7,751,119 00 82,724 80
,060,581 00 $110,974 01
837,800 00 7,859 85
1,222,781 00 $103,114 16
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$125,743 00
46,978 00
47,368 00
50,500 00
330
THE NORTH RIVER INSURANCE CO.
"THE NORTH RIVER INSURANCE COMPANY," NEW YORK, X. Y.
[Incorporated Feb. 6, 1822. Commenced business Marcb 6, 1822.]
Paid-up Capital, $350,000.
WM. E. HUTCHINS, President. FREDERICK H. CRUM, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
|75,000 00 893,750 00
427,500 00 436,586 25
District of Columbia bonds,
New York city bonds,
$502,500 00 $530,336 25
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, §940 59
Gross assets,
$100,564 20
63,400 00
1,554 82
530,336 25
87,484 51
2,445 40
63,419 21
212 04
$849,416 43
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$8,594 92
47,270 18
$55,865 10
6,610 75
$49,254 35
234,239 12
2,784 25
12,871 96
6,244 43
3,917 18
309,311 29
$540,105 14
350,000 00
$190,105 14
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$133,400 00
86,600 00
79,975 00
THE NORTH RIVER INSURANCE CO.
331
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
$58,575 22
2,005 76
$56,569 46
439,932 91
Total, $496,502 37
Premiums now in course of collection, . . 64,359 80
$432,142 57
84,862 02
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Profit on sale of bonds,
$347,280 55
3,627 00
18,221 45
838 08
1,650 00
Gross cash income, $371,617 08
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$223,343 03
20,467 83
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $48,497,248 00
. 53,559,517 00
$102,056,765 00
. 43,778,154 00
.$58,278,611 00
. 3,018,940 00
$202,875 20
27,761 50
97,151 68
29,531 04
3,256 18
18,983 77
$379,559 37
Premiums.
$374,430 76
439,932 91
$814,363 67
348,063 98
$466,299 69
18,155 82
.$55,259,671 00 $448,143 87
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred "during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, .
56,147,949 00
2,716,642 00
220,758 00
2,696,750 00
28,000 00
87,350 00
332
NORTHWESTERN NATIONAL INSURANCE CO.
"NORTHWESTERN NATIONAL INSURANCE COMPANY OF
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS.
[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.]
Paid-up Capital, $600,000.
ALFRED JAMES, President. W. D. REED, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $200,000 00 $272,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 200,000 00 228,500 00
Milwaukee, L. S. & Western R.R. bonds, . 50,000 00 66,500 00
Chicago & Northwestern R.R. bonds, . . 100,000 00 105,000 00
Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 53,500 00
Atchison, Topeka & Santa Fe R'y bonds, . 100,000 00 100,000 00
Southern R'y Co. bonds, 100,000 00 109,000 00
Union Pacific Ry bonds, 100,000 00 104,000 00
Northern Pacific R'y Co. bonds, . . . 100,000 00 103,000 00
Pittsburgh, C, C. & St. L. R'y bonds, . . 50,000 00 55,000 00
Milwaukee city bonds, 90,000 00 93,380 00
Chicago Sanitary District bonds, . . . 50,000 00 52,000 00
Waukesha sewerage bonds, .... 30,000 00 31,500 00
Baltimore & Ohio R'y bonds, .... 100,000 00 96,500 00
Chicago & Alton R'y bonds, .... 100,000 00 83,500 00
Union Pacific R'y stock 50,000 00 40,000 00
$1,470,000 00 $1,593,380 00
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $1,014,156 67
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest accrued,
Premiums in course of collection (gross),
. Gross assets,
Liabilities.
7,741 59
1,593,380 00
9,378 48
121,609 27
5,333 32
203,539 87
$2,955,139 20
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
$6,016 28
48,435 84
1,200 00
Total amount of losses,
Less reinsurance,
$55,652 12
5,024 50
Net amount of unpaid losses, .
§50,627 62
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as cc
Hater
. $2,l-. , 9.2S0 00
1,720,917 00
al, . . . 941,600 00
NORTHWESTERN NATIONAL INSURANCE CO.
333
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance.
Reinsurance disallowed, ....
Miscellaneous,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . . . .
Surplus over capital, .
,240,177 16
50,884 96
9,269 43
49 78
3,549 29
$1,354,558 24
. $1,600,580 96
600,000 00
. $1,000,580 96
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected, .....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Premiums on risks written or renewed,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all
Profit on sale of bonds,
Gross cash income,
other
$180,988 63
1,502 65
$179,485 98
1,272,260 63
$1,451,746 61
203,539 87
$1,248,206 74
234,339 19
$18,023 98
155 32
sources,
$1,013,867 55
17,868 66
48,073 53
64,443 76
11,693 75
.,155,947 25
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
$498,439 70
44,390 07
$454,049 63
2,543 26
72,000 00
226,786 84
115,694 92
37,752 75
10,648 96
56,606 94
Gross cash expenditures, $976,083 30
334
ORIENT INSURANCE CO.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$241,181,270 00 $2,426,060 02
. 136,092,243 00 1,272,260 63
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1900, .
Deduct risks expired and terminated,
In force at end of year,
$377,273,513 00 $3,698,320 65
. 104,357,635 00 1,032,500 10
$272,915,878 00 $2,665,820 55
. 23,608,391 00 231,819 22
$249,307,487 00 $2,434,001 33
. $217,178 00 $18,023 98
17,600 00 1,357 46
$199,578 00 $16,666 52
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, . . . .
$17,001,595 00
8,394,840 00
454,680 00
5,958 00
1,569,000 00
72,000 00
309,400 00
" ORIENT INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated June, 1867. Commenced business January, 1872.]
Paid-up Capital, $500,000.
A. G. McILWAINE, Jr., President. JAMES WYPER, Secretary.
Detailed Statement of Stocks
433 shares American Nat'l Bank, Hartford,
60
59
152
113
820
200
60
100
804
250
100 '
iEtna Nat'l Bank, Hartford, .
Far. & Mech. Nat'l Bank, Hart.,
Mercantile Nat'l Bank, Hartford,
City National Bank, Hartford,
Hartford Nat'l Bank, Hartford,
Thames Nat'l Bank, Norwich,
First Nat'l Bank, Norwich,
Holland Trust Co., N. Y.,
N. Y., N. H. & Hart. R.R. Co.,
St. Jos., S. Beud & So'n R.R. Co.,
Arizona Water Co.,
and Bonds.
Par Value.
$21,650 00
6,000 00
5,900 00
15,200 00
11,300 00
82,000 00
20,000 00
6,000 00
10,000 00
80,400 00
25,000 00
10,000 00
Market Value.
?32,475 00
11,940 00
7,257 00
456 00
13,447 00
115,210 00
32,200 00
5,340 00
5,000 00
169,644 00
15,000 00
2,500 00
ORIENT INSURANCE CO.
335
United States bonds,
Georgia State bonds,
Territory of Arizona funding bonds
Mass. Metropolitan Water Loan,
County of Coffey, Kan., bonds,
County of Glynn, Ga., bonds, .
County of Finney, Kan., bonds,
County of Wichita, Kan., bonds,
County of Pierce, Wash., bonds,
White County, Tenn., bonds, .
Medicine Lodge Twp., Barber Co., Kan., b'ds
Bethany Twp., Osborne County, Kan., bonds,
Oswego Twp., Labette Co., Kan., bonds, .
Precinct of Stanton, Neb., bonds,
Precinct of Beaver, Neb., bonds,
Kansas school bonds,
Nebraska school bonds,
Dakota school bonds,
Wyoming school bonds,
Colorado school bonds,
Texas school bonds, .
City of Oak Cliff, Tex., school bonds,
Washington school bonds,
City of Evansville, Ind., bonds
City of Norfolk, Va., bonds,
City of Richmond, Va., bonds,
City of Sioux Falls, Dak., bonds,
City of Wichita Falls, Tex., bonds,
City of Fayetteville, N. C, bonds,
City of Fort Worth, Tex., bonds,
Town of Thomaston, Conn., bonds,
Alexandria, Ind., Water Works bonds, .
Vermont Valley R.R. Co. bonds,
Pitts., Cleve. & Toledo R.R. Co. bonds, .
C, C, Cin. & Indianapolis R.R. Co. bonds,
Morris & Essex R.R. Co. bonds,
Chic, Mil. & St. Paul R.R. Co. bonds, .
Dayton & Michigan R.R. Co. bonds,
Terre Haute & Logansport R.R. Co. bonds,
Ohio & West Virginia R.R. Co. bonds, .
Col. & Toledo R.R. Co. bonds, .
Cincin., Jacksonville & Mack. R.R. Co. bonds
East Tenn., Va. & Ga. R.R. Co. bonds, .
Southern R.R. Co. bonds, ....
Detroit, Grand R'ds & West. R.R. Co. bonds,
Atch., Topeka & Santa Fe R.R. Co. bonds,
Chic, Burl. & Quincy R.R. Co. bonds,
Norfolk & Western R.R. Co. bonds,
Par Value.
|50,000 00
25,000 00
25,000 00
200,000 00
10,000 00
10,000 00
10,000 00
4,000 00
10,000 00
3,000 00
5,000 00
3,500 00
5,000 00
8,000 00
5,000 00
6,250 00
3,977 79
4,200 00
3,000 00
7,000 00
10,000 00
5,000 00
10,000 00
20,000 00
20,000 00
24,000 00
13,000 00
8,500 00
10,000 00
10,000 00
15,000 00
9,000 00
25,000 00
10,000 00
35,000 00
10,000 00
20,000 00
25,000 00
4,000 00
3,000 00
13,000 00
12,000 00
15,000 00
10,000 00
10,000 00
14,000 00
10,100 00
10,000 00
Market Value.
$57,875 00
28,250 00
27,500 00
227,000 00
10,600 00
11,500 00
11,300 00
4,000 00
11,500 00
3,090 00
5,300 00
3,710 00
5,000 00
8,800 00
. 5,550 00
6,562 50
4,216 45
4,539 00
3,420 00
8,400 00
11,500 00
5,750 00
10,900 00
20,800 00
22,400 00
31,920 00
15,340 00
7,650 00
11,500 00
10,000 00
15,300 00
9,720 00
28,000 00
11,650 00
46,900 00
13,775 00
36,100 00
28,375 00
4,200 00
3,630 00
14,527 50
6,467 64
17,812 50
11,162 50
9,825 00
13,670 00
11,676 75
9,900 00
336
ORIENT INSURANCE CO.
Cleve. Term. & Valley R.R. Co. bonds, .
Cin , Dayton & Ironton R.R. Co. bonds, .
Philadelphia & Reading Term. R.R. Co. bonds
Chic., Rock Island & Pacific R.R. Co. bonds,
N. Y., New Haven & Hart. R.R. Co. bonds,
Kanawha & Michigan R.R. Co. bonds,
Minneapolis & St. Louis R.R. Co. bonds,
Sav., Florida & Western R.R. Co. bonds,
Illinois Central R.R. bonds,
Lehigh & N. Y. R.R. bonds, .
Willmar & Sioux Falls R.R. bonds, .
Seaboard & Roanoke R.R. bonds,
Georgia R.R. & Banking Co. bonds,
Central of Georgia bonds,
West Shore R.R. Co. bonds,
Central R.R. of N. J. bonds,
Anderson, Ind., Elec. St. R'y Co. bonds,
West Chic. St. R'y Tunnel Co. bonds,
Brooklyn Wharf & Warehouse Co. bonds,
Rutland & Grafton District, 111., bonds,
First Baptist Church, Nash., Tenn., bonds,
Arizona Water Co. bonds,
Iowa Mortgage Co. trust debenture bonds,
Par Value.
$10,000 00
10,000 00
10,000 00
20,000 00
32,21)0 00
25,000 00
30,000 00
10,000 00
20,000 00
10,000 00
15,000 00
20,000 00
10,000 00
20,000 00
80,000 00
65,000 00
10,000 00
10,000 00
25,000 00
1,000 00
11,000 00
5,333 33
2,000 00
Market Value.
$9,437 50
11,112 50
12,412 50
21,450 00
62,790 00
24,250 00
30,912 50
10,925 00
20,300 00
9,075 00
18,093 75
21,350 00
10,650 00
19,800 00
88,900 00
82,550 00
10,300 00
10,300 00
17,500 00
1,000 00
11,550 00
2,833 33
1,000 00
$1,523,511 12 $1,807,525 92
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Rents due and accrued, ....
Reinsurance due on losses paid,
Special cash deposit, ....
Prem's more than three mos. due, $4,082 89
Gross assets,
Deduct special deposits in other States, .
$99,060 33
173,675 00
5,301 76
1,807,525 92
5,551 72
49,961 63
25,542 97
203,551 25
500 00
3,367 75
5,000 00
£2,379,038 33
100,749 00
Balance, $2,278,289 33
Value of property mortgaged, $566,927 00
Amount of insurance held as collateral, .... 57,900 00
ORIENT INSURANCE CO.
337
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Due other companies, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
§13,011 77
208,431 76
18,852 11
|240,295 64
18,097 40
$222,198 24
928,604 80
2,500 00
9,453 49
29,779 93
22,460 51
2,174 16
1,217,171 13
44,804 39
1,172,366 74
. $1,105,922 59
500,000 00
$605,922 59
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$241,683 99
3,766 95
$237,917 04
1,882,964 19
$2,120,881 23
207,634 14
$1,913,247 09
647,473 92
$1,838 81
8,392 37
$10,231 18
9,419 56
$1,265,773 17
sources,
811 62
11,914 69
61,589 80
2,343 67
. $1,342,432 95
338
ORIENT INSURANCE CO.
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$1,038,438 05
120,281 94
821,102 17
513 62
$918,156 11
20,588 55
25,000 00
246,57-1 94
87,051 78
40,559 91
113,780 47
. $1,451,711 76
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . §174,075,899 00 §2,018,743 75
Fire risks written during 1900, . . . 188,790,718 00 1,882,964 19
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured, .
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$362,866,617 00 $3,901,707 94
. 155,425,077 00 1,858,293 30
$207,441,540 00 $2,043,414 64
. 39,176,133 00 208,548 69
$168,265,407 00 $1,834,865 95
$762,436 00 $23,730 25
266,264 00 8,392 37
$1,028,700 00
610,725 00
$417,975 00
417,975 00
$32,122 62
25,388 75
$6,733 87
6,733 87
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, ....
$22,063,491 00
13,912,112 00
944,863 00
31,379 00
.1,240,000 00
25,000 00
3,000 00
PACIFIC FIRE INSURANCE CO.
339
"PACIFIC FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April 16, 1851. Commenced business April 29, 1851.]
Paid-up Capital, $200,000.
FRANK T. STINSON, President. GEORGE JEREMIAH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 $114,000 00
New York city bonds, 200,000 00 201,000 00
Brooklyn city bonds, 10,000 00 10,275 00
New York Central & Hudson River R.R. stock, 25,300 00 36,432 00
Rome, Watertown & Ogdensburg R.R. stock, . 15,000 00 20,100 00
Brooklyn City R.R. stock 5,000 00 11,500 00
Union Pacific R.R. stock, 20,000 00 16,900 00
Atchison, Topeka & Santa Fe R.R. stock, . 25,000 00 25,687 50
$400,300 00 $435,894 50
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Prem's more than three mos. due, $1,495 01
Gross assets,
Deduct special deposits in other States, .
$9,015 50
189,600 00
1,488 23
435,894 50
1,747 32
61,861 19
2,247 09
75,898 85
5,109 22
$782,861 90
13,800 00
Balance, $769,061 90
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$24,911 29
39,585 00
1,500 00
$65,996 29
19,543 47
,452 82
* Value of lands mortgaged, ....
Value of buildings thereon,
Amount of insurance held as collateral, .
$149,500 00
226,580 00
201,501 00
340
PACIFIC FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Interest due,
Due and accrued for rent, salaries, etc., .
Due for borrowed money,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
8319,947 18
375 38
7,916 66
59,000 00
15,909 35
12,117 05
6,251 11
$467,969 55
4,660 65
$463,308 90
?305,753 00
200,000 00
$105,753 00
Income.
Fire premiums outstanding Dec. 31, 1899, . $83,568 88
Same not collected, 230 26
Net collected, $83,338 62
Premiums on risks written or renewed, . . 619,228 49
Total, $702,567 11
Premiums now in course of collection, . . 77,393 86
Entire premiums collected, .... $625,173 25
Less reinsurance and return premiums, . . 224,542 37
Net cash fire premiums received, . . . $400,630 88
Interest received on mortgages, 10,397 15
Interest and dividends received from all other sources, . . 14,113 97
Income from rents, 253 24
Profit on sale of bonds, 43,067 44
Borrowed money, f 26,500 00
Gross cash income, . . $468,462 68
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for interest on borrowed money,
for incidentals, ....
$378,786 29
76,006 90
Gross cash expenditures,
$302,779 39
20,000 00
94,688 55
43,308 31
13,801 85
2,209 20
32,345 74
$509,138 04
THE PELICAN ASSURANCE CO.
341
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $78,725,094 00
. 61,847,417 00
$140,572,511 00
. 58,066,774 00
. $82,505,737 00
. 15,657,283 00
Premiums.
$725,069 52
619,228 49
1,344,298 01
566,112 81
$778,185 20-
141,655 94
,848,454 00 $636,529 26
Miscellaneous.
Premiums received from organization of company, . . $9,430,537 00
Losses paid from organization of company, .... 5,164,707 00
Fire losses incurred during the year, 275,860 00
Cash dividends declared from organization of company, . 1,498,000 00
Dividends declared during the year (10 per cent.), . . 20,000 00
Company's stock owned by directors, 50,100 00
"THE PELICAN ASSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated March 7, 1899. Commenced business May 1, 1899.]
Paid-up Capital, $200,000.
A. D. IRVING, President. L. P. BAYARD, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $200,000 00 $222,500 00
Brooklyn city bonds, 75,325 00 83,126 45
N. Y. Central & Hudson River R.R. bonds, . 35,000 00 34,343 75
$310,325 00 $339,970 20
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash deposited in bank,
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, $399 56
Gross assets,
$339,970 20
18,709 29
27,321 44
1,314 13
$387,315 06
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
$1,496 00
16,737 00
$18,233 00
3,021 00
$15,212 00
342
THE PELICAN ASSURANCE CO.
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums,
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .....
§73,798 82
1,428 93
6,896 21
4,670 67
2,059 50
$104,066 13
3283,248 93
200,000 CO
Surplus over capital, 183,248 93
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources, .
$17,456 03
190,036 57
§207,492 60
27,721 00
§179,771 60
46,118 90
$133,652 70
9,221 57
Gross cash income, $142,874 27
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$71,202 65
5,569 15
$65,633 50
34,283 42
4,140 00
4,663 39
7,796 26
Gross cash expenditures, §116,516 57
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
. $7,693,021 00 |64,384 18
. 20,889,907 00 190,036 57
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
. §28,582,928 00 §254,420 75
. 11,286,797 00 96,323 94
. $17,296,131 00 §158,096 81
. 2,355,989 00 22,055 95
Net amount in force, .
. §14,940,142 00 $136,040 86
PENNSYLVANIA FIRE INSURANCE CO.
343
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$182,473 00
75,05-1 00
72,187 00
6,500 00
"PENNSYLVANIA FIRE INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated March, 1825. Commenced business April, 1825.]
Paid-up Capital, $400,000.
R. DALE BENSON, President. W. GARDNER CROWELL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States loans, $80,000 00 $ 92,600 00
Philadelphia city bonds, 16,000 00 16,620 00
St. Louis city bonds, 25,000 00 28,000 00
Cincinnati city bonds, 48,000 00 51,740 00
City of Springfield, 111., bonds, . . . 35,000 00 37,450 00
City of Topeka, Kan., internal improv. bonds, 3,222 00 3,222 00
City of Dayton, O., bonds, .... 32,000 00 37,440 00
City of Columbus, O., bonds, .... 50,000 00 51,000 00
City of Quincy, 111., bonds, .... 25,000 00 26,750 00
City of Sandusky, O., bonds, .... 2,500 00 2,525 00
Newark, O., bonds, 12,000 00 12,960 00
City of Duluth, Minn., bonds, .... 47,00000 49,82000
Borough of Sharpsburg, Pa., bonds, . . 40,000 00 42,000 00
Sanitary District, Chicago, bonds, . . . 18,000 00 18,540 00
Sch. Dist. of the Boro' of Sewickley, Pa., b'ds, 24,000 00 25,920 00
City of Trenton, N. J., warrants, . . . 32,256 00 32,256 00
West Knoxville General Improv. Co. bonds, . 20,000 00 24,000 00
Phila., Wilmington & Bait. R.R. certificates, . 115,000 00 125,200 00
Philadelphia & Erie R.R. bonds, . . . 75,000 00 90,000 00
Pennsylvania Railroad bonds, .... 28,000 00 31,640 00
Philadelphia & Reading R.R. Co. bonds, . . 37,500 00 47,150 00
Read. Co. & Phil. & Read. C'l & I'd Co. bonds, 50,000 00 47,500 00
Phila. & Reading R.R. Terminal Co. bonds, . 100,000 00 125,000 00
Lehigh Valley R.R. Co. bonds, . . . 150,000 00 164,500 00
Penn. & N. Y. Canal & R.R. Co. bonds, . . 122,000 00 123,240 00
Chicago & Western Indiana R.R. bonds, . . 128,000 00 153,150 00
Shamokin, Sunb'y & Lewisb'g R.R. Co. bonds, 20,000 00 20,600 00
St. Paul & Northern Pacific R.R. bonds, . . 50,000 00 65,000 00
Jacksonville & St. Louis R'y Co. bonds, . . 44,500 00 21,400 00
Newburgh & New York R.R. Co. bonds, . 15,000 00 17,250 00
Northern Central R.R. Co. bonds, . . . 9,000 00 9,900 00
344
PENNSYLVANIA FIRE INSURANCE CO.
Atlantic City R.R. Co. bonds, .
Camden Horse R.R. Co. bonds,
Bellefonte Central R.R. Co. bonds, .
Evansville & Terre Haute R.R. Co. bonds,
Cleve., Col., Cin. & Indianapolis R.R. bonds,
New York, Susquehanna & West. R.R. bonds
Chicago, Burlington & Quincy R.R. bonds,
Jacksonville Southeastern R'y Co. bonds,
Chicago & Erie R.R. Co. bonds,
Baltimore & Potomac R.R. Co. bonds,
McKeesport & Belle Vernon R.R. Co. bonds,
West Jersey & Seashore R.R. Co. bonds,
Terminal Railroad Asso. of St. Louis bonds,
Lynn & Boston R.R. bonds,
Pine Creek Railway Co. bonds,
Chicago & Northwestern R'y Co. bonds, .
Chicago, Rock Island & Pacific R.R. bonds,
Chicago, Mil. & St. Paul R'y bonds,
Chic, Hammond & Western R.R. Co. bonds,
Chesapeake & Ohio R'y bonds,
Illinois Central R'y bonds,
Kansas City Southern R'y Co. bonds,
Western Transit Co. bonds,
Indianapolis & Vincennes R.R. Co. bonds,
Cleveland, Lorain & Wheeling R.R. bonds,
Louisville & Nashville R.R. bonds, .
Choctaw & Memphis R.R. Co. bonds,
St. Louis, Iron Mountain & Southern R'y b'ds
Baltimore & Ohio R.R. Co. bonds, .
Wisconsin Central R'y Co. bonds, .
Union Pacific R'y Co. bonds, .
Louisville & Nashville R.R. Co. bonds, .
Mobile & Montgomery R'y Co. bonds,
Lehigh Valley R.R. Co. bonds,
Erie R.R. Co. bonds,
N. Y., Philadelphia & Norfolk R.R, Co. bonds,
Hestonville, Mantua & Fairm't Pass. R'y bonds,
Perkiomen R.R. Co. bonds,
Lehigh Valley Coal Co. bonds,
Lehigh Coal & Navigation Co. bonds,
Chesapeake & Delaware Canal Co. bonds,
200 shares Philadelphia National Bank, .
14 " Philadelphia Bourse,
440 « Bellefonte Central R.R. Co., .
144 " Reading Co., .
210 u Grand Rapids & Indiana R.R. Co.,
Par Value.
$30,000 00
25,000 00
2,500 00
25,000 00
30,000 00
100,000 00
100,000 00
11,000 00
50,000 00
15,000 00
60,000 00
28,000 00
50,000 00
50,000 00
50,000 00
48,000 00
75,000 00
50,000 00
100,000 00
42,000 00
50,000 00
26,000 00
50,000 00
7,000 00
50,000 00
100,000 00
50,000 00
50,000 00
50,000 00
50,000 00
25,000 00
93,000 00
50,000 00
25,000 00
17,000 00
13,000 00
50,000 00
120,000 00
10,000 00
20,000 00
700 00
22,000 00
7,200 00
21,000 00
Market Value.
$34,500 00
26,250
2,500 00
26,750 00
40,200 00
112,000
111,000 00
11,000 00
59,500 00
18,000 00
75,000 00
30,800 00
57,000 00
56,500 00
66,000 CO
51,840 00
81,000 00
57,500 00
125,000 00
49,560 00
51,500 00
17,940 00
50,500 00
8,260 00
55,000 00
99,000 00
55,000 00
56,500 00
48,000 00
45,000 00
26,750 00
25,000 00 27,000 00
95,290 00
51,500 00
26,250 00
19,890 00
13,650 00
54,000 00
124,400 00
5,000 00
48,400 00
70 00
5,500 00
2,0. r 5
7.850 00
§3,377,378 00 §3,680,075 00
PENNSYLVANIA FIRE INSURANCE CO.
345
Securities held as collateral for cash loans
16 shares First N'l Bank, Shippensb'g, Pa
62 " North Penn. R.R. Co., .
160 " Norrisfn Title, Trust & S. D. Co
4 " Bank of North America,
7 " Moorestown National Bank,
5 " Burl. County Safe Dep. & T. Co
5 " Fire Ins. Co., County of Phila.,
25 " Western National Bank of Phila
100 " W.J. McCahan Sug. R. Co., Phila
105 " Lehio-h Coal & Navigation Co.,
10 " Commonwealth Title & Trust Co
90 " West Chester Fire Ins. Co., .
200 " Real Estate Trust Co., Phila.,
100 " Saug., Doug. & L. Shore R'y Co
500 " Pitts., Ft. Wayne & Chic. R'y Co
500 " Phil., Wil. & Bait. R.R. Co.,
1,000 " West Jersey & Seashore R.R. Co
Bellefonte Central R.R. Co. bonds, .
Asphalt Co. of America bonds,
200 " Lehigh Coal & Navigation Co.,
100 " Choc, Oklahoma & Gulf R.R. Co.,
300 " Reading Co., ....
200 " Lehigh Valley R.R. Co., .
Market Value.
$2,880 00
6,634 00
14,400 00
1,000 00
1,575 00^
380 00 S
600 00 )
1,875 00 )
20,000 00 S
6,720 00 }
640 00 S
2,700 00
25,200 00
10,000 00
94,000 00 n
40,000 00 S
62,000 00 )
4,000 00
6,300 00 s
12,800 00 |
4,000 00 J>
10,500 00 I
5,800 00 ^
Loaned Thereon.
$2,300 00
3,500 00
10,400 00
500 00
2,000 00
10,000 00
4,000 00
1,000 00
18,000 00
9,500 00
150,000 00
2,000 00
30,000 00
$334,004 00 $243,200 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Deduct special deposits in other States, .
Balance, $5,264,622 43
$229,666 67
735,100 00
12,344 40
3,680,075 00
243,200 00
1,632 91
144,051 61
1,664 59
309,093 78
393 47
1,357,222 43
92,600 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
§56,509 80
135,809 22
8,600 00
* Value of property mortgaged, .
Amount of insurance held as collateral,
$1,689,260 00
480,000 00
346
PENNSYLVANIA FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
. $1,719,001 59
851,117 95
24,000 00
1,524 15
. $2,796,562 71
39,819 00
$2,756,743 71
. $2,507,878 72
400,000 00
Surplus over capital, $2,107,878 72
Income
Fire premiums outstanding Dec. 31, 1899
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Deposits received for perpetual fire risks
$292,890 50
2,531,808 12
$2,824,698 62
309,093 78
$2,515,604 84
596,610 30
sources,
$1,918,994 54
29,204 62
174,357 22
9,668 43
1,061 28
§36,332 28
Gross cash income,
. $2,133,286 09
EXPENDITUKES.
Cash paid for fire losses, $1,375,518 85
Deduct reinsurance, 124,508 69
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks, . 821,762 54
$1,251,010 16
100,000 00
445,125 67
93,598
61,910 35
101,844 94
Gross cash expenditures,
. $2,053,489 12
PHENIX INSURANCE CO.
347
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$370,220,236 00 $3,264,049 50
.232,425,355 00 2,531,808 12
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incPd above),
$602,645,591 00 $5,795,857 62
.213,370,054 00 2,127,854 39
$389,275,537 00 $3,668,003 23
. 45,982,651 00 354,318 59
$343,292,886 00 $3,313,684 64
$37,482,911 00 $933,369 14
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, ....
$39,691,769 00
21,382,921 00
1,258,714 00
3,229,000 00
100,000 00
55,400 00
« PHENIX INSURANCE COMPANY," BROOKLYN, N. Y.
[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.]
Paid-up Capital, $1,000,000.
GEORGE P. SHELDON, President. WM. A. WRIGHT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $340,000 00 $382,000 00
State of Virginia •■ century " bonds, . . 100,000 00 96,000 00
City of Richmond, Va., bonds, .... 21,000 00 21,000 00
N. Y. city consolidated stock " dock bonds," . 400,000 00 400,000 00
Missoula Co., Mont., bonds, .... 12,000 00 12,000 00
Council Bluffs City Water Works Co. bonds, . 100,000 00 100,000 00
Denver Gas & Electric Co. bonds, . . . 150,000 00 94,500 00
Southern Light & Traction Co. bonds, . . 60,000 00 46,350 00
Lincoln Gas & Electric Co. bonds, . . . 100,000 00 85,000 00
Chic, Burl. & Quincy R.R. stock, . . . 100,000 00 146,500 00
Southern R'y Co. stock, 200,000 00 145,500 00
Northern Pacific R'y Co. stock, . . . 200,000 00 173,000 00
Chic. & Northwestern R.R. Co. stock, . . 150,000 00 258,000 00
Del., Lack. & Western R.R. Co. stock, . . 125,000 00 241,250 00
Manhattan Railway Co. stock, .... 200,000 00 230,000 00
Chic, Mil. & St. Paul R'y Co. stock, . . 150,000 00 248,500 00
Central R.R. Co. of N. J. stock, . . . 60,000 00 87,600 00
348
PHEXIX INSURANCE CO.
National Park Bank, N. Y., stock, .
Chatham National Bank, N. Y., stock,
Nat'l Bank of the Republic, N. Y., stock,
National City Bank, N. Y., stock, .
Nafl Shoe & Leather Bank, N. Y., stock,
Western Nat'l Bank, N. Y., stock, .
Phenix National Bank, N. Y., stock,
National City Bank, Brooklyn, stock,
Mechanics' Bank, Brooklyn, stock, .
Brooklyn Bank, Brooklyn, stock,
Bond & Mortgage Guarantee Co. stock, .
Trust Company of America stock, .
N. Y. Mutual Gas Light Co. stock, .
Cent. & So. American Telegraph Co. stock,
Consolidated Gas Co. of New York stock,
Par Value.
$30,000 00
35,000 00
30,000 00
40,000 00
20,000 00
14,500 00
4,000 00
30,000 00
20,400 00
20,000 00
10,000 00
20,000 00
50,000 00
100,000 00
112,500 00
Market Value.
? 135,000 00
106,750 00
67,500 00
200,000 00
22,000 00
66,700 00
4,000 00
82,500 00
40,800 00
22,000 00
30,500 00
42,000 00
150,000 00
102,000 00
219,375 00
$3,004,400 00 $4,058,325 00
Securities held as collateral for cash loans : —
10 shares Central Trust Co. of N. Y., .
60 « North American Tr. Co. of N. Y.,
25 " Trust Co. of America, N. Y., .
12 " Municipal Gas Co., Albany, N. Y.,
100 " Kings Co. Elec. Vt & Power Co.,
312 M Elec. Storage Battery Co.,
Market Value. Loaned Thereon.
?20,500 00
13,500 00
5,625 00
2,580 00'
14,000 00
28,000 00.
$27,400 00-
4,500 00
35,000 00
$84,205 00 $66,900 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens f),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Deduct special deposits in other States, .
Balance $5,714,704 88
$543,000 00
75,600 00
1,211 64
4,058,325 00
66,900 00
2,706 00
621,256 39
6,516 67
616,076 80
3,112 38
$5,994,704 88
280,000 00
* The company holds also instalment premium notes to the amount of 8113,656.76, which
do not enter into or form any part of the assets of the company, as no portion of them is
earned. Whatever value is attached to them would necessarily be counterbalanced by
the addition of an amount exactly equal to the reinsurance liability, the eutire sum con-
sisting of " unearned premiums."
t Value of lands mortgaged, $44,000 00
Value of buildings thereon, 97,500 00
Amount of insurance held as collateral, .... 7,000 00
PHENIX INSTJKANCE CO.
349
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums, ....
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
$226,825 50
11,790 00
3,140,046 22
2,229 92
105,295 74
67,242 70
8,137 41
1,527 01
$3,563,094 50
122,982 57
Surplus over capital, .
$3,440,111 93
$2,274,592 95
1,000,000 00
$1,274,592 95
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
$653,844 27
4,231,284 09
$4,885,128 36
729,733 56
$4,155,394 80
742,211 05
Gross cash income,
- $3,413,183 75
3,950 98
130,879 42
19,530 43
. $3,567,544 58
Expenditures.
Cash paid for fire losses, $2,156,152 99
Deduct salvage and reinsurance, . . . 220,266 57
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$1,935,886 42
100,000 00
628,691 20
319,535 39
107,470 05
341,900 36
Gross cash expenditures,
. $3,433,483 42
350
PH(EXIX INSURANCE CO.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$561,471,251 00 $6,324,055 16
377,614,524 00 4,231,284 09
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$939,085,775 00 $10,555,939 25
357,782,410 00 4,060,498 78
§581,303,365 00 $6,495,440 47
. 37,170,965 00 357,063 73
§544,132,400 00 $6,138,376 74
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, . . . .
$123,915,320 00
61,695,427 00
1,965,864 00
4,074,000 00
100,000 00
146,650 00
"PHCENIX INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, 1854. Commenced business June, 1S54.]
Paid-up Capital, $2,000,000.
D. W. C. SKILTON, President. EDW. MILLIGAN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Georgia State bonds, 810,000 00 $11,900 00
Brooklyn Wharf & Warehouse Co. bonds, . 75,000 00 52,500 00
Ashland, Ore., water bonds, .... 50,000 00 56,000 00
Brantford, Can., bonds, 25,000 00 27,000 00
Guelph, Can., bonds, 24,000 00 27,960 00
Victoria, B. Col., bonds 20,000 00 23,940 00
Town of St. Henry, P. Q., bonds, . . . 75,000 00 82,125 00
Province of New Brunswick bonds, . . 5,000 00 5,375 00
Chic. & No. Shore St. R'y Co. bonds, . . 25,000 00 27,500 00
Fostoria, O., water bonds 25,000 00 26,500 00
Leavenw'th City & Ft. Leavenw'th water b'ds, 25,000 00 29,000 00
Hannibal, Mo, school bonds, .... 10,00000 11,00000
Northwestern Telegraph Co. bonds, . . 25,000 00 27,000 00
Naumkeag Street R'y Co. bonds, . . . 25,000 00 26,000 00
Urbana, O., gas bonds, 25,000 00 25,000 00
Canadian Pacific Land Grant R.R. bonds, . 37,000 00 40,700 00
Chicago & Northwestern R'y bonds, . . 44,000 00 51,260 00
Chic. & Western Ind. R.R. bonds, . . . 139,000 00 164,S40 00
PHGENIX INSURANCE CO.
351
Chic, Burl. & Quincy R.R. bonds, .
Cin., Dayton & Ironton R.R. bonds, .
Central R.R. of N. J. bonds, .
Erie Railway consols, ....
Easton & Amboy R.R. bonds, .
Lehigh Valley Terminal bonds,
Minneapolis Union R'y Co. bonds, .
N. Y., Lack. & Western R.R. bonds,
N. Y., N. H. & Hartford R.R. debentures,
St. Paul & Northern Pacific R.R. bonds, .
Terre Haute & Peoria R.R. bonds, .
Texas & New Orleans R.R. bonds, .
300 shares iEtna Nat'l Bank, Hartford,
1,000 " American Nat'l Bank, Hartford,
. 100 " Atlantic Trust Co., N. Y., .
75 " Central Trust Co., N. Y., .
162 " Charter Oak Nat'l Bank, Hart.,
160 " City Bank, Hartford, .
100 " Conn. River Bank, Hartford,
300 " Far. & Mech. Nat'l Bank, Hart.,
400 " Franklin Trust Co., N. Y., .
1,030 " Hartford Nat'l Bank, Hartford,
400 " Hartford Trust Co., Hartford,
67 " Home Nat'l Bank, Meriden, .
170 " Imperial Bank, Toronto, Ont.,
108 " Merchants' Exch. N'l B'k, N. Y.,
800 " Mer. N'l B'k (in liquidation) ,Hart
200 " Nat'l Shoe & Leath B'k, N. Y.,
340 " Nat'l Exch. B'k, Hartford, .
125 " Nat'l Ger. Amer. Bank, St. Paul,
200 " New Britain N'l B'k, N. Britain,
770 " Phoenix Nat'l B'k, Hartford,
200 " State Bank, Hartford, .
440 " Waterbury Nat'l Bank, Waterb'y
50 " Security Co., Hartford,
500 " Bald Eagle Valley R.R. Co.,
300 " Beech Creek R.R. Co., .
300 " CI., Cin, Chic. & St. L. R.R. Co.,
300 " Chic, Mil. & St. Paul R'y Co,
500 " Cleve. & Pitts. R.R. Co,
500 " Ft. Wayne & Jack. R.R. Co.,
200 " Georgia R.R. & Banking Co,
120 " Hart. & Conn. West. R.R. Co,
1,000 " Illinois Central R.R. Co, .
1,000 " Morris & Essex R.R. Co, .
1,500 " N. Y, N. H. & Hart. R.R. Co,
250 " N. Y. & Harlem R.R. Co, .
600 " N. Y. Cent. & Hud. R. R.R. Co,
Tar Value.
$10,000 00
25,000 00
20,000 00
50,000 00
30,000 00
10,000 00
56,000 00
50,000 00
75,000 00
15,000 00
25,000 00
54,000 00
30,000 00
50,000 00
10,000 00
7,500 00
16,200 00
16,000 00
3,000 00
30,000 00 ,
40,000 00
103,000 00
40,000 00
6,700 00
17,000 00
5,400 00
7,200 00
20,000 00
17,000 00
12,500 00
20,000 00
77,000 00
20,000 00
22,000 00
5,000 00
25,000 00
15,000 00
30,000 00
30,000 00
25,000 00
50,000 00
20,000 00
12,000 00
100,000 00
50,000 00
150,000 00
12,500 00
60,000 00
Market Value.
$14,087 50
28,000 00
25,850 00
70,500 00
34,200 00
11,300 00
71,680 00
69,000 00
146,250 00
19,650 00
16,250 00
62,100 00
55,500 00
72,000 00
22,000 00
153,750 00
15,633 00
18,560 00
4,500 00
36,000 00
120,000 00
144,200 00
68,000 00
8,375 00
36,890 00
7,182 00
1,200 00
21,000 00
21,845 00
11,250 00
32,000 00
93,940 00
25,000 00
36,080 00
6,500 00
51,250 00
15,900 00
35,400 00
56,100 00
47,500 00
73,500 00
44,000 00
5,040 00
132,750 00
94,500 00
318,000 00
51,875 00
87,000 00
352
PHCENLX INSURANCE CO.
500 shares Peoria & Bureau Val. R.R. Co.,
500 " Pitts., McK. & Yough. R.R. Co.,
250 " Rensselaer & Saratoga R.R. Co.,
500 " Sharon R.R. of Pa.,
150 " Empire & Bay State Tel. Co.,
1,300 " Holyoke Water Power Co., .
1,500 " Northwestern Telegraph Co.,
100 " West End St. R'y Co., Boston,
150 " Boston Elevated R'y Co., .
50 " Hartford Street R'y Co.,
Par Value.
$50,000 00
25,000 00
25,000 00
25,000 00
15,000 00
130,000 00
75,000 00
5,000 00
15,000 00
5,000 00
Market Value.
§105,000 00
36,250 00
50,000 00
33,750 00
12,750 00
520,000 00
93,750 00
9,350 00
24,000 00
9,500 00
$2,609,000 00 $4,203,037 50
Securities held as collateral for cash loans : —
240 shares Landers, Frary & Clark, .
70 shares Southern New Eng. Tel. Co., .
Market Value. Loaned Thereon.
$10,080 00 ) $9 (
9,100 00 S
,000 00
119,180 00 $9,000 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Deduct special deposits in other States, .
$508,245 82
84,169 61
2,327 97
4,203,037 50
9,000 00
26,728 85
245,517 11
29,735 53
526,479 49
4,922 37
$5,640,164 25
275,000 00
Balance, $5,365,164 25
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$48,756 87
194,199 50
16,238 80
$259,195 17
6,133 02
§253,062 15
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$131,790 00
70.S50 00
51,400 00
PHCENIX INSURANCE CO.
353
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
$2,087,882 17
56,670 00
11,295 92
$2,408,910 24
109,511 69
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899, . $454,358 40
Same not collected, 15,451 09
Net collected, $469,809 49
Premiums on risks written or renewed, . . 3,229,848 56
Total, $3,699,658 05
Premiums now in course of collection, . . 526,479 49
$2,299,398 55
$3,065,765 70
2,000,000 00
$1,065,765 70
Entire premiums collected, .... $3,173,178 56
Less reinsurance and return premiums, . . 402,611 80
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income,
Expenditures.
Cash paid for tire losses, $1,846,781 45
Deduct salvage and reinsurance, . . . 117,321 84
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
$2,770,566 76
6,347 43
203,741 60
11,809 46
$2,992,465 25
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$387,052,370 00
. 337,521,235 00
$724,573,605 00
.313,023,807 00
$411,549,798 00
. 16,565,761 00
$1,729,459 61
280,000 00
516,420 00
186,692 34
88,315 12
286,702 85
$3,087,589 92
Premiums.
$4,077,640 59
3,229,848 56
$7,307,489 15
3,037,260 31
$4,270,228 84
181,106 20
$394,984,037 00 $4,089,122 64
354
POTOMAC INSURANCE CO. OF GEORGETOWN.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (14 per cent.),
Company's stock owned by directors, .
$76,209,581 00
46,636,289 00
1,731,154 00
8,085,000 00
280,000 00
64,600 00
-POTOMAC INSURANCE COMPANY OF GEORGETOWN,"
WASHINGTON, D. C.
[Incorporated March 2, 1831. Commenced business March 2, 1831.]
Paid-up Capital, $200,000.
JOHN TAYLOR ARMS, President. E. N. WATERS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
110 shares Farmers 1 & Mechanics 1 Nat'l B'k, . f 11,000 00 ?24,750 00
125 " Georgetown Gas Light Co., . . 3,125 00 7,500 00
130 " Washington Gas Light Co., . . 2,600 00 7,995 00
31 " Lincoln National Bank, . . . 3,100 00 3,658 00
100 " Capital Traction R.R., . . . 10,000 00 10,375 00
50 " Union Trust & Storage Co., . . 5,000 00 5,050 00
Washington Gas Light Co. bonds, ... 300 00 318 00
Metropolitan R.R. Co. bonds, .... 11,732 31 12,553 57
Chesapeake & Potomac Telephone Co. bonds, 13,000 00 13,260 00
Washington Market Co. bonds, . . . 3,000 00 3,300 00
Southern R.R. Co. bonds, 5,000 00 5,625 00
$67,857 31 $94,384 57
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
$21,670 41
338,011 52
5,119 17
94,384 57
7,540 34
16,290 69
31,559 40
£514,576 10
* Value of lands mortgaged, $254,200 00
Value of buildings thereon, 33S.000 00
Amount of insurance held a9 collateral, .... 270,950 00
POTOMAC INSURANCE CO. OF GEORGETOWN.
355
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance, .
Miscellaneous, ....
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital,
$2,686 75
12,379 61
$15,066 36
4,002 74
$11,063 62
100,833 53
7,132 40
4,862 99
2,596 34
183 43
$126,672 31
$387,903 79
200,000 00
$187,903 79
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Premiums on stocks and bonds,
Income from all other sources,
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$3,455 82
190,266 54
$193,722 36
31,559 40
$162,162 96
41,958 05
sources,
$44,219 96
4,198 40
$120,204 91
20,519 56
4,205 44
830 42
3,182 49
3,461 05
$152,403 87
$40,021 56
24,000 00
46,121 09
9,576 11
1,410 22
13,645 16
$134,774 14
356
PROVIDENCE MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 81, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$13,149,887 00
. 24,355,472 00
. $37,505,359 00
. 13,218,952 00
.$24,286,407 00
. 1,735,725 00
Premiums.
181,129 93
190,224 29
$271,354 22
73,029 29
$198,324 93
14,984 73
.$22,550,682 00 $183,340 20
Miscellaneous.
Fire losses incurred during the year,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors,
$48,721 00
24,000 00
40,675 00
"PROVIDENCE MUTUAL FIRE INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1800. Commenced business 1800.]
HENRY R. BARKER, President. HARDIN C. WATERS, Secretary.
Detailed Statement of Stocks
City of Providence bonds, .
N. Y., New Haven & Hartford R.R. Co. bonds,
The Metropolitan Water Co. bonds,
230 shares N. Y. C. & H. R. R.R. Co.,
156
100
100
100
100
200
100
200
200
100
51
50
50
42
40
150
20
50
100
50
N. Y., N. H. & H. R.R. Co., .
C, B. & Q. R.R. Co.,
Illinois Central R.R. Co.,
C, M. & St. P. R.R. Co., .
Fitchburg R.R. Co.,
Southern R.R. Co., .
Pullman Co., ....
D., L. & W. R.R. Co., .
Pennsylvania R.R. Co., .
Oswego & Syracuse R.R. Co.,
P. & W. R.R. Co., .
Connecticut River R.R. Co., .
Old Colony R.R. Co.,
Ft. Wayne R.R. Co.,
B. & P. R.R. Co., .
Blackstone Canal National Bank,
National Bank of Commerce, .
Rhode Island Investment Co.,
Mass. Real Estate Co., .
Boston Investment Co., .
and Bonds.
Par Value.
$25,000 00
6,200 00
7,000 00
23,000 00
15,600 00
10,000 00
10,000 00
10,000 00
10,000 00
20,000 00
10,000 00
10,000 00
10,000 00
5,000 00
5,100 00
5,000 00
5,000 00
4,200 00
4,000 00
3,750 00
1,000 00
5,000 00
10,000 00
5,000 00
MarKet Value.
$25,000 00
11,780 00
4,900 00
29,900 00
32,916 00
12,500 00
12,500 00
17,500 00
13,000 00
14,000 00
18,500 00
17,500 00
13,500 00
10,500 00
14,280 00
13,500 00
10,000 00
5,880 00
12,000 00
3,750 00
1,000 00
6,000 00
$219,850 00 $300,406 00
PROVIDENCE MUTUAL FIRE INSURANCE CO.
357
Summary op Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *), $75,800 00
Stocks and bonds, as per schedule, . . . 300,406 00
Cash in the office of the company, . . . 744 91
Cash deposited in bank, 74,985 48
Interest due and accrued, 1,825 00
Premiums in course of collection (gross), . 3,431 97
Prenrs more than three mos. due, $28 50
Gross assets, $457,193 36
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities,
Surplus,
1140,279 60
1,259 57
440 12
303 81
142,283 10
$314,910 26
Income.
Fire premiums outstanding Dec. 31, 1899, . $4,655 42
Premiums on risks written or renewed, . . 74,361 30
Total, $79,016 72
Premiums now in course of collection, . . 3,460 47
Entire premiums collected, .... $75,556 25
Less reinsurance and return premiums, . . 4,919 39
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$70,636 86
5,042 16
12,930 08
$88,609 10
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid policy holders, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
$25,354 57
85 75
Gross cash expenditures,
$25,268 82
20,245 82
7,367 69
10,275 00
2,465 24
1,436 00
2,241 51
$69,300 08
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$49,150 00
95,300 00
76,800 00
358
PKOVIDENCE WASHINGTON INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Miscellaneous
Fire losses incurred during the year,
$24,972,174 00
6,985,523 00
$31,957,697 00
6,133,608 00
$25,824,089 00
72,687 00
Premium*.
$267,308 69
74,124 98
$341,433 67
65,325 87
1276,107 80
1,154 77
$25,751,402 00 $274,953 03
$25,355 00
"PROVIDENCE WASHINGTON INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1799. Commenced business 1799.]
Paid-up Capital, $500,000.
J. H. DeWOLF, President. E. L. WATSON, Secretary.
Detailed Statement of Stocks
United States bonds,
Commonwealth of Massachusetts bonds,
City of Pawtucket bonds, .
City of Ft. Wayne refunding bonds,
City of Indianapolis bonds,
Boston & Providence R.R. Co. bonds,
Boston & Maine R.R. Co. bonds,
Boston & Lowell R.R. Co. bonds,
Lehigh Valley R.R. Co. bonds,
N. Y., New Haven & Hart. R.R. Co. bonds,
Old Colony R.R. Co. bonds, .
Buffalo Traction Co. bonds,
Cleveland Elec. R'y Co. bonds,
Colum. & Ninth Ave. R.R. Co. bonds,
Columbus St. R'y Co. bonds, .
Lynn & Boston R.R. Co. bonds,
United Traction & Electric Co. bonds,
West End St. R'y Co. bonds, .
225 shares Fourth Nat'l Bank, N. Y.,
310
300
1,100
500
400
500
230
200
Nat'l Bank of Commerce, N. Y.,
Nat'l Park Bank, N. Y.,
Blackstone Canal N'l B'k, Prov.,
Merchants' Nat'l B'k, Prov.,
Chic. & Northw'n R'y Co., .
Great Northern Railway Co.,
N. Y. Cent. & H. R. R.R. Co.,
Old Colony R.R. Co., .
and Bonds.
Par Value.
$40,000 00
88,000 00
25,000 00
25,000 00
45,000 00
100,000 00
25,000 00
10,000 00
25,000 00
60,000 00
25,000 00
20,000 00
10,000 00
10,000 00
10,000 00
10,000 00
40,000 00
30,000 00
22,500 00
31,000 00
30,000 00
27,500 00
25,000 00
40,000 00
50,000 00
23,000 00
20,000 00
Market Value.
$42,600 00
100,975 00
27,500 00
25,087 00
48,363 00
111,000 00
31,750 00
10,900 00
27,250 00
117,000 00
28,210 00
21,700 00
10,600 00
12,300 00
11,400 00
11,300 00
45,400 00
32,100 00
39,375 00
102,300 00
145.500 00
28,600 00
33,500 00
88,000 00
95,750 00
33,350 00
40,600 Oo
PROVIDENCE AVASHINGTON INSURANCE CO.
359
1,100 shares Pennsylvania R.R. Co.,
300
200
150
550
200
1,500
Pitts., Ft. W. & Chic. R.R. Co., .
CI., Cin., Chic. & St. Lo. R.R. Co.,
Rome, Wat'n & Ogden. R.K. Co.,
Providence Gas Co.,
Providence Telephone Co., .
What Cheer Corporation,
Par Value.
$55,000 00
30,000 00
20,000 00
15,000 00
27,500 00
10,000 00
200,000 00
Market Value.
$81,950 00
56,100 00
23,200 00
20,250 00
52,525 00
19,300 00
200,000 00
$1,224,500 00 $1,776,335 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Prem's more than three mos. due, $4,661 97
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$1,776,335 00
1,023 04
105,904 22
7,044 13
254,257 14
24,983 70
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
$20,689 84
223,465 04
18,133 86
$262,288 74
69,864 62
$192,424 12
976,623 14
9,109 68
38,140 12
13,780 42
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$153,633 18
1,620 36
$152,012 82
1,537,714 44
$1,689,727 26
178,330 63
$1,511,396 63
456,016 18
!,169,547 23
1,230,077 48
$939,469 75
500,000 00
$439,469 75
$1,055,380 45
360
PROVIDENCE WASHINGTON INSURANCE CO.
Marine premiums outstanding Dec. 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received, . . -
Interest and dividends received from all sources,
$88,801 98
544 02
$88,257 96
598,809 21
$687,067 17
103,407 80
$583,659 37
185,746 40
$397,912 97
60,376 81
Gross cash income, $1,513,670 23
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
$921,095 85
188,797 61
$379,366 37
102,566 90
$732,298 24
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$170,124,246 00
. 166,631,439 00
$336,755,685 00
. 148,380,623 00
$188,375,062 00
. 25,012,552 00
276,799 47
50,000 00
279,859 83
82,963 47
46,677 43
61,626 19
$1,530,224 63
Premiums.
$1,715,797 35
1,537,714 44
$3,253,511 79
1,332,803 77
$1,920,708 02
286,803 35
$163,362,510 00 f 1,638,904 67
. $6,259,732 00
. 145,082,153 00
$151,341,885 00
. 143,347,050 00
. $7,994,835 00
321,988 00
|215,137 50
598,809 21
$813,946 71
551,257 -22
$262,689 49
20,596 61
. $7,672,847 00 $242,092 88
QUEEN INSURANCE CO. OF AMERICA.
361
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, . . . .
$35,223,624 00
20,909,174 00
748,114 00
258,575 00
2,305,563 00
50,000 00
32,350 00
" QUEEN INSURANCE COMPANY OF AMERICA," NEW YORK, N. Y.
[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.]
Paid-up Capital, $500,000.
EDWARD F. BEDDALL, President. NEVETT S. BARTOW, Secretary.
Detailed Statement of Stocks
United States government bonds,
District of Columbia bonds,
New York State canal improvement bonds,
New York city bonds, ....
City of Brooklyn bonds, ....
250 shares New York & Harlem R.R. Co.,
443
517
950
500
1,400
550
500
300
400
New Zea
United N.Jersey R.R. & Canal Co.,
N. Y., Lack. & Western R.R. Co.,
Rome, Watertown & Og. R.R. Co.,
Pitts., Ft. Wayne & Chic. R.R. Co.,
Morris & Essex R.R. Co.,
Rensselaer & Saratoga R.R. Co.,
Illinois Central R.R. Co.,
Ft. Wayne & Jackson R.R. Co.,
Farmers 1 Loan & Trust Co.,
and stock, .
Quebec stock, .
Manitoba debentures,
Halifax, N. S., stock,
New York, Lack. & Western R.R. bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Fremont, Elkhorn & Mo. R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Northwestern R.R. bonds,
Pennsylvania R.R. Co. bonds, .
Morris & Essex R.R. bonds,
Lake Shore & Michigan Southern R.R. bonds,
and Bonds.
Par Value.
$ 185,000 00
340,000 00
50,000 00
617,000 00
525,000 00
12,500 00
44,300 00
51,700 00
95,000 00
50,000 00
70,000 00
55,000 00
50,000 00
30,000 00
10,000 00
49,000 00
30,625 00
29,400 00
60,000 00
200,000 00
5,000 00
10,000 00
91,000 00
45,000 00
50,000 00
110,000 00
47,000 00
Market Value.
$215,688 53
376,963 48
50,000 00
628,740 17
556,272 80
31,978 98
99,744 18
56,983 33
106,135 00
82,213 30
100,150 10
99,887 50
51,750 00
44,100 00
71,600 00
49,000 00
24,500 00
29,400 00
66,000 00
224,595 44
5,705 00
11,779 03
91,470 02
46,779 19
50,815 83
133,795 59
47,000 00
362
QUEEN INSURANCE CO. OF AMERICA.
Chic, St. Paul, Minn. & Omaha R.R. bonds,
Northern Pacific R.R. bonds, .
Par Value.
$25,000 00
52,500 00
Market Value.
$28,611*01
42,658 24
$2,990,025 00 $3,424,316i72
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, $5,366 29
Gross assets,
Deduct special deposits in other States, .
$720,164 73
3,424,316 72
5,443 35
202,353 83
43,232 76
351,138 80
3,882 91
821 14
$4,751,354 24
409,587 80
Balance, $4,341,766 44
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance,
Premiums paid in advance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
$82,691 17
97,258 82
35,880 18
$215,830 17
32,239 33
$183,590 84
1,577,485 57
8,920 64
26,197 32
85,675 04
19,688 96
619 53
592 07
$1,902,769 97
287,018 35
Surplus over capital, .
1,615,751 62
$2,726,014 82
500,000 00
$2,226,014 82
QUEEN INSURANCE CO. OF AMERICA.
363
Income.
Fire premiums outstanding Dec. 31, 1899, . $324,252 85
Same not collected, 1,001 54
Net collected, $323,251 31
Premiums on risks written or renewed, . . 2,713,544 14
Total, $3,036,795 45
Premiums now in course of collection, . . 356,505 09
Entire premiums collected, .... $2,680,290 36
Less reinsurance and return premiums, . . 727,590 69
Net cash fire premiums received, . . . $1,952,699 67
Interest and dividends received from all sources, . . . 133,597 07
Income from rents, 18,417 54
Gross cash income, $2,104,714 28
Expenditures.
Cash paid for fire losses, $1,550,985 09
Deduct salvage and reinsurance, . . . 287,336 30
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .....
Gross cash expenditures, ....
$1,263,648 79
100,000 00
321,249 78
176,347 46
63,064 22
121,171 11
$2,045,481 36
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$327,091,647 00 $3,287,644 74
. 247,826,193 00 2,712,924 61
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$574,917,840 00 $6,000,569 35
.235,125,510 00 2,488,992 21
$339,792,330 00 $3,511,577 14
. 36,318,015 00 375,787 27
$303,474,315 00 $3,135,789 87
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, .
$19,607,424 00
9,200,105 00
1,257,002 00
500,000 00
100,000 00
7,500 00
364
THE READING FIRE INSURANCE CO.
"THE READING FIRE INSURANCE COMPANY," READING, PA.
[Incorporated July 8, 1867. Commenced business July 8, 1867.]
Paid-up Capital, $250,000.
W. A. TIPPING, President. THOS. H. SCOTLAND, Vice-President and Secretary.
Detailed Statement of Stocks
United States bonds,
Grand Rapids & Indiana R.R. bonds,
Atch., Topeka &" Santa Fe R.R. bonds,
Reading & Columbia R.R. bonds,
Baltimore & Ohio R.R. bonds, .
Central Pacific R'y bonds,
Central R.R. of New Jersey bonds, .
Elmira, Cortland & Northern R.R. bonds
Indiana, Illinois & Iowa R.R. bonds,
Lehigh Valley R.R bonds,
N. Y. Cent. & Hudson River R.R. bonds,
Long Island R.R. bonds, .
Philadelphia & Reading R.R. bonds,
Perkiomen R.R. bonds,
Union Pacific R.R. bonds, .
Reading City Passenger R'y bonds, .
Western N. Y. & Penn. R'y Co. bonds,
Second Ave R.R. Co. of N. Y. bonds,
Beaver Valley Traction Co. bonds, .
Phila. Elec. Gold Trust certificates, .
250 shares Reading Gas Co., .
124 " South Reading Market House Co.,
200 '
150 '
50 '
100 '
200
70
South Reading Market House
East Pennsylvania R.R., .
Nat'l Union Bank, Reading,
Farmers' Nat'l Bank, Reading
Second Nat'l Bank,. Reading,
Philadelphia Traction Co.,
Reading City Passenger R'y,
and Bonds.
Par Value.
$40,000 00
20,000 00
25,000 00
10,000 00
25,000 00
25,000 00
10,000 00
10,000 00
20,000 00
10,000 00
25,000 00
10,000 00
40,000 00
2,000 00
25,000 00
5,500 00
10,000 00
10,000 00
4,000 00
10,000 00
6,250 00
3,100 00
10,000 00
3,750 00
1,500 00
10,000 00
10,000 00
3,500 00
Securities held as collateral for cash loans :
39 shares South Reading Market House Co.,
490 shares Philadelphia & Reading R.R.,
Reading Foundry Co. bonds, .
Market Value.
$55,200 00
22,900 00
25,625 00
10,200 00
25,375 00
25,375 00
12,750 00
10,250 00
22,000 00
10,800 00
24,500 00
9,800 00
41,400 00
2,040 00
26,875 00
5,912 50
9,525 00
12,000 00
4,120 00
10,100 00
16,250 00
4,712 00
14,000 00
15,000 00
4,000 00
22,000 00
19,800 00
10,500 00
$384,600 00 $473,009 50
Market Value. Loaned Thereon.
$1,482 00 $700 00
6,517 hb 5,000 00
25,000 00 25,000 00
$32,999 55 $30,700 00
THE READING FIRE INSURANCE CO.
365
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
$23,400
00
Loans on mortgage of real estate (first liens *),
283,478
00
Interest due or accrued thereon,
2,713
10
Stocks and bonds, as per schedule, .
473,009
50
Loans on collateral security, as per schedule, .
30,700 00
Cash in the office of the company, .
600
86
Cash deposited in bank,
48,475
37
Interest due and accrued, ....
26 83
Premiums in course of collection (gross),
45,841
09
Rents due and accrued,
135
90
Reinsurance due on losses paid,
194 45
Prem's more than three mos. due, $213 91
Gross assets,
$908,575 10
Liabilities.
Losses adjusted, unpaid, . . .
$1,264
73
claimed and reported, .
27,963
18
disputed or resisted, .
13,000 00
Total amount of losses, . .
$42,227
91
Less reinsurance,
7,172
49
Net amount of unpaid losses, .
$35,055 42
Unearned premiums on outstanding risks,
328,657
45
Reclaimable on perpetual fire policies, .
4,638
20
Commissions and brokerage, .
8,872
47
Reinsurance,
69
91
Reinsurance disallowed, ....
11,720
86
Gross liabilities, except capital,
389,014 31
Surplus as regards policy holders, .
$519,560 79
250,000 00
$269,560 79
Income.
Fire premiums outstanding Dec. 31, 1899,
$64,715
38
Premiums on risks written or renewed, .
595,895
01
Total
. $660,610
39
Premiums now in course of collection, .
46,055
00
Entire premiums collected,
. $614,555
39
Less reinsurance and return premiums, .
177,659
28
Net cash fire premiums received,
$436,896 11
436,300 00
Amount of insurance held as collateral,
.
328,515 00
366
THE READING FIRE INSURANCE CO.
Interest received on mortgages, $17,734 17
Interest and dividends received from all other sources, . . 17,280 50
Income from rents, 1,715 30
Profit on investments, 2,516 05
Gross cash income, $476,142 13
Expenditures.
Cash paid for fire losses, $308,922 25
Deduct salvage and reinsurance, . . . 63,440 91
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expense on real estate,
for incidentals, ....
Deposits returned on perpetual fire risks, . $200 00
$245,481 34
15,000 00
107,595 63
22,550 69
8,729 86
580 71
19,669 52
Gross cash expenditures,
$419,607 75
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $55,597,839 00 $559,103 83
Fire risks written during 1900, . . . 60,051,254 00 595,895 01
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$115,649,093 00 $1,154,998 84
. 47,283,458 00 477,452 41
. $68,365,635 00
. 5,152,112 00
177,546 43
52,538 08
Net amount in force $63,213,523 00 $625,008 35
Perpetual risks in force (not incl'd above), . $165,550 00 $4,937 05
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, .
$5,720,574 00
3,092,596 00
249,760 00
515,069 00
15,000 00
248,410 00
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
367
"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.]
Paid-up Capital, $300,000.
WILLIAM CHUBB, President. CHAS J. WISTER, Jr., Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
City of Pittsburgh, Pa., bonds, . . . . $18,000 00 $19,800 00
City of Quincy, 111., bonds 15,000 00 16,050 00
City of Wilmington, Del., bonds, . '. . 20,000 00 22,300 00
City of Chester, Pa., bonds, .... 5,000 00 5,550 00
South Bethlehem, Pa., bonds, .... 4,000 00 4,360 00
Atlantic City, N. J., bonds, .... 5,00000 5,25000
New Castle County, Del., bonds, . . . 5,000 00 5,350 00
United Company of New Jersey bonds, . . 5,000 00 5,500 00
Lehigh Valley R.R. Co. bonds, . . . 25,000 00 25,250 00
Easton & Amboy R R. Co. bonds, . . . 20,000 00 23,000 00
North Pennsylvania R R. Co. bonds, . . 5,000 00 5,850 00
Louisville & Nashville R.R. Co. bonds, . . 8,000 00 8,960 00
Northern Central R.R. Co. bonds, . . . 5,000 00 5,450 00
Philadelphia & Erie R.R. Co. bonds, . . 25,000 00 30,000 00
Phila. & Baltimore Central R.R. Co. bonds, . 10,000 00 10,300 00
Pennsylvania R.R. Co. bonds, .... 4,000 00 5,040 00
Steubenville & Indiana R.R. Co. bonds, . . 10,000 00 11,400 00
Camden & Atlantic R.R. Co. bonds, . . 30,000 00 33,000 00
Pennsylvania & New York Canal Co. bonds, . 40,000 00 43,200 00
Allentown Terminal R.R. Co. bonds, . . 15,000 00 15,150 00
Philadelphia & Reading R.R. Co. bonds, . . 20,000 00 23,400 00
Delaware River Ferry Co. bonds, . . . 8,000 00 8,400 00
Philadelphia Traction Co. bonds, . . . 5,000 00 5,250 00
People's Passenger R'y Co. bonds, . . . 10,000 00 10,800 00
Penn. & New York Canal Co. bonds, . . 20,000 00 18,800 00
Second Avenue Traction Co., Pitts., Pa., bonds, 15,000 00 17,550 00
Hunt. & Broad Top Mt. R.R. & Coal Co. b'ds, . 10,000 00 ' 11,000 00
Omaha Water Co., Omaha, Neb., bonds, . . 10,000 00 9,000 00
Pitts., Char. & Youghiogheny R.R. Co. bonds, 7,000 00 7,210 00
United Traction Co. of Pittsburg bonds, . . 10,000 00 11,500 00
Philadelphia & Erie R.R. Co. bonds, . . 5,000 00 5,500 00
West Jersey & Seashore R.R. Co. bonds, . 5,000 00 5,500 00
Susquehanna Coal Co. bonds, .... 5,000 00 6,000 00
100 shares Commercial National Bank, Phila., 1,500 00 500 00
Western Pennsylvania R.R. Co. bonds, . . 10,000 00 11,200 00
Wilmington City R'y Co. bonds, . . . 5,000 00 5,150 00
Erie & Pittsburg R.R. Co. bonds, . . . 10,000 00 10,100 00
368 THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
Allegheny Valley R'y Co. bonds,
Lehigh Valley R.R. Co borfds,
Pitts., Cin., Chic. & St. Louis R'y Co. bonds,
34 shares Omaha Water Co., .
Louisville & Nashville R.R. Co. bonds, .
Penn. R.R. Co. Equipment Trust Loan, .
Elec. & Peo. Traction Stock Trust certificates
Western New York & Penn. R.R. Co. bonds,
West Chester (N. Y.) Lighting Co. bonds,
N. Y., Phila. & Norfolk R.R. Co. bonds, .
32 shares company's own stock, $1,920 00
Par Value.
$20,000 00
5,000 00
36,000 00
1,700 00
8,000 00
10,000 00
5,000 00
5,000 00
5,000 00
5,000 00
Market Value.
$23,600 00
5,900 00
36,360 00
850 00
7,920 00
11,200 00
5,000 00
6,100 00
5,100 00
5,200 00
$531,200 00 4574,850 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Perpetual insurance deposits, .
Gross assets,
$100,000 00
221,660 00
2,574 18
574,850 00
2,060 68
45,050 95
67,791 22
673 32
747 00
$1,015,407 35
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$3,228 08
44,886 03
8,300 00
$56,414 11
8,859 41
$47,554 70
294,864 03
135,240 24
7,353 97
6,894 68
491,907 62
8523,499 73
300,000 00
Surplus over capital, $223,499 73
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$200,300 00
26S,700 00
16i\566 00
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
369
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals,
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
Risks and Premiums.
$63,650
440,415
98
03
$504,066
67,791
01
22
$436,274
111,234
79
41
sources,
$7,433 00
$234,918
38,504
95
91
$6,994 75
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (notincl'd above),
. $54,681,968
. 42,735,926
. $97,417,894
. 38,167,466
$59,250,428
6,309,097
.$52,941,331
. $5,397,044
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$325,040 38
10,244 11
26,111 17
2,465 80
216 49
$364,077 95
$196,414 04
18,000 00
79,984 57
25,713 91
13,733 44
25,322 05
$359,168 01
Premiums.
00 $570,812 55
00 440,415 03
00 $1,011,227 58
00 377,484 19
00 $633,743 39
00 68,654 16
00 $565,089 23
00 $148,293 05
$5,337,665 00
3,390,173 00
208,103 00
932,597 00
18,000 00
45,250 00
370
RHODE ISLAND MUTUAL FIRE INSURANCE CO.
RHODE ISLAND MUTUAL FIRE INSURANCE COMPANY,
PROVIDENCE, R. I.
[Incorporated 1848. Commenced business 1848.]
JOHN R. FREEMAN, President. ROSCOE L. COL MAN, Secretary.
Detailed Statement of Stocks,
United States bonds,
250 shares Providence & Worcester R.R.,
133
200
880
250
200
121
100
138
100
200
100
100
100
100
200
140
200
Illinois Central R.R.,
Rome, Watertown & Ogdens. R.R.
Pennsylvania Railroad, .
N. Y., New Haven & Hart. R.R.,
Chicago, Burlington & Quincy R.R.
Chic, Rock Island & Pacific R.R.,
N Y., Lack. & Western R.R.,
Pittsburgh, Ft. Wayne & Chic. R.R.
Chic, Mil. & St. Paul R.R., .
Chicago & Northwestern R.R.,
CI., Cin., Chic. & St. Louis R.R.,
N. Y. Cent. & Hudson River R.R.,
Great Northern R.R.,
National Bank of Commerce, Prov.
National Bank of North America,
American National Bank,
Merchants' National Bank,
10 deb. certs. N. Y„ N. H. & Hart. R.R.,
Bonds, etc.
Par Value.
$25,000 00
25,000 00
13,300 00
20,000 00
44,000 00
25,000 00
20,000 00
12,100 00
10,000 00
13,800 00
10,000 00
20.000 00
10,000 00
10,000 00
10,000 00
5,000 00
10,000 00
7,000 00
10,000 00
10,000 00
Market Value.
134,625 00
73,500 00
17,556 00
27,000 00
65,505 00
52,750 00
28,500 00
14,625 87
13,500 00
25,806 00
18,750 00
34,375 00
11,600 00
14,450 00
19,000 00
5,000 00
9,200 00
6,510 00
13,100 00
19,200 00
$310,200 00 $504,552 87
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Gross assets, ....
8504,552 87
42,299 21
4,090 39
3,840 04
$554,782 51
Liabilities.
Losses claimed and reported, .... 8264 41
Unearned premiums on outstanding risks, . 182,808 66
State taxes, 6,716 80
Gross liabilities,
189,789 87
Net cash assets, $364,992 64
ROCHESTER GERMAN INSURANCE CO.
371
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources,
$6,658 50
380,684 84
$387,343 34
3,840 04
$383,503 30
14,519 13
$368,984 17
18,726 59
Gross cash income, $387,710 76
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
for incidentals,
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1899, $41,278,825 00
Risks written during 1900, . 49,730,350 00
Total, $91,009,175 00
Risks terminated during 1900, . 43,559,660 00
Cash Prem's.
$319,739 51
380,684 84
$700,424 35
334,807 04
$23,409 18
288,248 10
8,960 06
7,156 68
747 51
5,572 68
2,416 65
$336,510 86
Conting't Prem's.
$1,598,697 55
1,903,424 20
$3,502,121 75
1,674,035 20
In force at end of year,
.$47,449,515 00 $365,617 31 $1,828,086 55
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 90 per cent.
$21,450 00
"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER,
NEW YORK,' 1 ROCHESTER, N. Y.
[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.]
Paid-up Capital, $200,000.
FREDERICK COOK, President. H. F. ATWOOD, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
$30,000 00 $32,325 00
200,000 00 214,000 00
Rochester Gas & Electric Co. bonds,
Rochester Railway bonds,
372
ROCHESTER GERMAN INSURANCE CO.
Georgia State bonds, ....
Erie R.R. bonds,
Santa Fe, Prescott & Phoenix R.R. bonds,
Union Pacific R.R. bonds, ....
Southern Railway bonds, ....
Northern Pacific R.R. bonds,
Nashville, Chattanooga & St. Louis R.R. bonds
Atchison, Topeka & Santa Fe R.R. bonds,
Minneapolis & St. Louis R R. bonds,
German-American Bank of Rochester stock,
Title & Guarantee Co. of Rochester stock,
Rochester Gas & Electric Co. stock,
Par Value.
110,000 00
10,000 00
25,000 00
20,000 00
20,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
25,000 00
Market Value.
$11,700 00
8,800 00
25,000 00
20,400 00
21,300 00
10,300 00
10,450 00
9,900 00
11,200 00
26,000 00
10,000 00
30,000 00
$400,000 00 $441,375 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank,
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$211,906 86
395,147 05
6,730 12
441,375 00
262 19
57,916 58
4,968 82
87,403 80
$1,205,710 42
11,700 00
Balance, $1,194,010 42
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$1,231 86
18,145 91
7,000 00
379,193 52
28,218 18
1,747 45
$435,536 92
7,007 16
428,529 76
Surplus as regards policy holders, $765,480 66
Paid-up capital, 200,000 00
Surplus over capital, $565,480 66
* Value of lands mortgaged $431,890 00
Value of buildings thereon, 537,450 00
Amount of insurance held as collateral, .... 359,400 00
ROCHESTER GERMAN INSURANCE CO.
373
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
$79,812 54
650,149 01
Total, $729,961 55
Premiums now in course of collection, . . 87,403 80
Entire premiums collected, .... $642,557 75
Less reinsurance and return premiums, . . 176,251 12
Net cash fire premiums received, . . . $466,306 63
Interest received on mortgages, 20,544 18
Interest and dividends received from all other sources, . . 18,615 07
Income from rents, 9,452 83
Income from all other sources, 836 72
Gross cash income, $515,755 43
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$298,435 59
60,062 10
Gross cash expenditures,
$238,373 49
20,000 00
96,591 82
31,764 84
20,792 72
38,270 68
$445,793 55
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
.$68,741,704 00 $679,016 79
. 61,582,945 00 650,149 01
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$130,324,649 00 $1,329,165 80
. 50,202,478 00 514,461 40
,122,171 00 $814,704 40
8,242,998 00 91,641 52
.$71,879,173 00 $723,062 88
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, . . . .
$9,350,510 00
5,205,371 00
223,308 00
499,000 00
20,000 00
33,663 00
374
SECURITY INSURANCE CO. OF NEW HAVEN.
"SECURITY INSURANCE COMPANY OF NEW HAVEN,"
NEW HAVEN, CONN.
[Incorporated April, 1841. Commenced business April, 1841.]
Paid-up Capital, $300,000.
CHAS. S. LEETE, President. H. MASON, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Tradesmen's Nat'l Bank (New Haven) stock, . 116,000 00 $23,520 00
Second Nat'l Bank (New Haven) stock, . . 11,700 00 21,645 00
Merchants' Nat'l Bank (New Haven) stock, . 20,000 00 23,200 00
Yale Nat'l Bank (New Haven) stock, . . 20,000 00 26,000 00
New Haven Nat'l Bank (New Haven) stock, . 21,000 00 38,850 00
New Haven Co. Nat'l B'k (New Haven) stock, 18,830 00 30,692 90
First Nat'l Bank (New Haven) stock, . . 13,300 00 19,950 00
Amer. Exch. Nat'l Bank (N. Y.) stock, . . 10,000 00 19,800 00
Southern New Eng. Telephone Co. stock, . 17,300 00 23,355 00
N. Y. Steam Power Co. stock, .... 2,500 00 1,543 33
Northern R.R. of N. J. stock, .... 20,000 00 20,000 00
Union Pacific R.R. stock, 10,000 00 8,600 00
Northern Pacific R.R. stock, .... 10,000 00 8,900 00
Norfolk & Western R.R. stock, . . . 10,000 00 8,300 00
Chic, Rock Island & Pacific R.R. stock, . . 12,100 00 14,762 00
Cleve., Cm., Chic. & St. Louis R'y Co. stock, . 10,000 00 11,500 00
Illinois Central R.R. stock, .... 10,000 00 13,300 00
Delaware & Hudson Canal Co. stock, . . 10,000 00 13,400 00
Fair Haven & Westville R.R. stock, . . 6,250 00 11,250 00
Newark (N. J.) Consol. Gas Co. bonds, . . 10,000 00 10,600 00
Macon (Ga.) Gas Light & Water Co. bonds, . 20,000 00 17,900 00
Minneapolis & St. Louis R.R. bonds, . . 22,000 00 22,560 00
Colum. & Hocking Coal & Iron Co. bonds, . 10,000 00 9,000 00
Southern R'y bonds, 10,000 00 11,400 00
Central R.R. of Georgia bonds, . . . 5,000 00 00
Southern New Eng. Telephone Co. bonds, . 6,000 00 7,260 00
Meriden (Conn.) Horse R.R. Co. bonds, . . 12,000 00 13,680 00
Lynn (Mass.) Belt Line St. R'y Co. bonds, . 3,500 00 3,675 00
Danbury & Bethel (Conn.) Horse R'y Co. b'ds, 7,000 00 7,420 00
Bridgeport (Conn.) Traction Co. bonds, . . 10,000 00 11,500 00
New Haven St. R'y Co. bonds, .... 5,000 00 5,650 00
Binghamton & L. (N. Y.) St. R.R. bonds, . 10,000 00 10,300 00
Norwalk Tramway Co. (Conn.) bonds, . . 8,000 00 8,320 00
Waterbury (Conn.) Traction Co. bonds, . . 10,000 00 10,400 00
United R.R. of St. Louis bonds, . . . 10,000 00 8,600 00
City of Indianapolis bonds, .... 2,500 00 2,575 00
SECURITY INSURANCE CO. OF NEW HAVEN.
375
City of Omaha bonds,
International Silver Co. bonds,
Par Value.
$10,000 00
10,000 00
Market Value.
$11,000 00
9,800 00
$429,980 00 $521,708 23
Securities held as collateral for cash loans : —
International Silver Co. bonds,
City Bank stock, New Haven, .
Mechanics 1 Bank stock, New Haven,
New Haven Water Co. stock, New Haven,
Southern R.R. bonds,
Bridgeport Traction Co. bonds,
Southern New Eng. Telephone Co. bonds,
International Silver Co. bonds,
Norwalk Tramway Co. bonds, .
Market Value.
$4,900 00
1,450 00
417 60
1,125 00
7,940 00
}
2,300 00 |
4,840 00 )>
3,920 00
3,120 00 J
Loaned Thereon.
$4,500 00
2,500 00
15,000 00
$30,012 60 $22,000 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets,
$84,600 00
204,538 78
1,449 68
521,708 23
22,000 00
208 38
74,423 14
1,550 54
100,948 14
4,541 32
41 67
636 35
$1,016,646 23
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
$18,647 65
32,664 84
895 00
$52,207 49
3,385 94
,821 55
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$248,605 00
225,300 00
159,050 00
376
SECURITY INSURANCE CO. OF NEW HAVEN.
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes,
Commissions and brokerage, .
Return premiums,
Reinsurance, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$454,086 54
4,645 89
1,125 72
17,041 04
7,444 51
23,174 87
14 54
$556,354 66
$460,291 57
300,000 00
Surplus over capital, $160,291 57
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
$95,861 87
1,036 36
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents, ........
$94,825 51
733,048 65
$827,874
91,780
16
53
$736,093
217,608
63
88
$5,384 79
17 88
$5,366
80,471
91
74
$85,838 65
9,167 61
$76,671
23,785
04
50
$518,484 75
52,885 54
8,336 38
24,294 58
2,870 40
Gross cash income, $606,871 65
SECURITY INSURANCE CO. Of NEW HAVEN.
377
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$417,841 45
77,445 78
$49,267 14
11,614 32
$340,395 67
37,652 82
24,000 00
127,463 40
89,632 74
9,613 85
998 79
1629,757 27
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $78,419,288 00
. 71,327,483 00
$149,746,771 00
. 58,573,671 00
.$91,173,100 00
. 11,365,657 00
Premiums.
$846,187 22
733,048 65
$1,579,235 87
632,898 18
$946,337 69
121,438 32
. $79,807,443 00 $824,899 37
$518,029 00
9,074,203 00
$9,592,232 00
9,015,939 00
$576,293 00
109,900 00
$26,108 15
80,471 74
$106,579 89
78,726 41
$27,853 48
3,889 81
$466,393 00 $23,963 67
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$11,555,324 00
7,727,757 00
330,562 00
34,320 00
508,281 00
24,000 00
67,160 00
378
SPRING GARDEN INSURANCE CO.
" SPRING GARDEN INSURANCE COMPANY," PHILADELPHIA, PA-
[Incorporated April 15, 1835. Commenced business Aug. 29, 1835.]
Paid-up Capital, $400,000.
CHAS. ROBERTS, President. CLARENCE E. PORTER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Allegheny Valley R.R. bonds, . . . . $10,000 00 $12,500 00
Asphalt Co. of America, Col., gold certificates, 10,000 00 6,300 00
Bells Gap R.R. bonds, 20,000 00 22,300 00
Chic. & Western Indiana R.R. bonds, . . 15,000 00 18,000 00
Choctaw, Oklahoma & Gulf R.R. Co. bonds, . 20,000 00 22,000 00
Clearfield & Jefferson R'y bonds, . . . 10,000 00 11,600 00
Cleveland, Columbus, Cin. & Ind. R.R. bonds, 10,000 00 13,400 00
Cleveland Electric R'y bonds, .... 5,000 00 5,300 00
Consolidated Traction Co. bonds, . . . 20,000 00 21,800 00
Edison Electric gold trust certificates, . . 25,000 00 28,250 00
Electric & People's Trac. gold stock trust, cert., 30,000 00 30,000 00
International Navigation Co. of N. J. bonds, . 51,000 00 52,530 00
Jacksonville & St. Louis R'y bonds, . . 5,000 00 4,250 00
Jacksonville & Southeastern R'y bonds, . . 7,000 00 7,000 00
Lehigh Coal & Navigation bonds, . . . 20,000 00 25,400 00
Lehigh Coal & Nav. Fund. & Imp. gold bonds, 15,000 00 15,600 00
Lehigh Valley Coal Co. bonds, . . . 25,000 00 27,000 00
Lehigh Valley R.R. "annuity" bonds, . . 20,000 00 25,400 00
Lehigh Valley R'y of N. Y. bonds, . . . 5,000 00 5,450 00
Mortgage Trust Co. of Penn. bonds, . . 25,000 00 20,000 00
N. Y., Phila. & Norfolk R.R. bonds, . . 55,000 00 50,600 00
Ohio & Little Kanawha R.R. bonds, . . 1,000 00 1,000 00
Pennsylvania & N. Y. Canal & R.R. bonds, . 25,000 00 25,500 00
Pennsylvania & Northwestern R.R. bonds, . 25,000 00 25,000 00
Pennsylvania Steel Co. bonds, .... 20,000 00 22,000 00
Phila. Electric gold trust certificates, . . 25,000 00 25,000 00
Philadelphia & Reading R.R. bonds, . . 35,000 00 36,000 00
Philadelphia Co. bonds, 25,000 00 28,000 00
Reading Co. & P. & R. Coal & Iron Co. bonds, 10,000 00 9,550 00
Rochester Railway Co. bonds 10,000 00 10,900 00
Sanitary Dist. of Chicago, 111., bonds, . . 10,000 00 11,400 00
Schuylkill River East Side R.R. bonds, . . 10,000 00 11,100 00
Steubenville & Indiana R.R. bonds, . . 5,000 00 5,650 00
St. Louis Merchants' Bridge Term. R'y bonds, 10,000 00 11,400 00
Sunbury, Hazleton & Wilkes-Barre R'y bonds, 10,000 00 11,600 00
Wilmington & Northern R.R. bonds, . . 25,000 00 26,750 00
600 shares Bethlehem Iron Co., . . . 30,000 00 35,400 00
300 " Central R.R., New Jersey, . . 30,000 00 44,100 00
658 " Cambria Iron Co., .... 32,900 00 29,939 00
41 " Fourth St. National Bank of Phila., 4,100 00 8,692 00
SPRING GARDEN INSURANCE CO.
379
200 shares Perm. National Bank of Phila.,
250 " Philadelphia Company, .
Securities held as collateral for cash loans : —
200 shares United Gas Improvement Co.,
Pennsylvania & Maryland Steel Co. bonds,
Par Value. Market Value.
$10,000 00 $18,700 00
12,500 00 11,750 00
$768,500 00 $834,111 00
Market Value. Loaned Thereon.
$25,600 00? ?25i00000
5,150 00 S
$30,750 00 $25,000 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *)
Interest due or accrued thereon,
Stocks and bonds, as - per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, $1,144 81
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Reserved for contingencies,
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
$310,800 00
50,870 00
857 01
834,111 00
25,000 00
3,385 26
23,155 25
106,997 38
400 00
342 50
2,073 25
$1,357,991 65
$10,494 97
35,624 52
14,105 46
$60,224 95
22,610 84
$37,614 11
378,469 44
374,663 32
15,000 00
1,651 90
1,417 36
19,376 15
26,327 56
3,741 80
858,261 64
$499,730 01.
400,000 00
$99,730 01
* Value of property mortgaged, .
Amount of insurance held as collateral,
$90,000 00
54,600 00
380
SPRING GARDEN INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, etc., ....
Deposits received for perpetual fire risks,
$161,931 17
774,515 05
$936,446 22
108,142 19
$828,304 03
253,092 78
sources, .
1575,211 25
3,476 92
37,755 37
18,900 02
$8,061 51
Gross cash income, $635,343 56
Expenditures.
Cash paid for fire losses, $491,354 17
Deduct salvage and reinsurance, . . . 234,747 59
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes,
for rent and incidentals, ....
Deposits returned on perpetual fire risks,
$25,537 68
8256,606 58
32,000 00
84,610 37
35,228 34
22,632 06
90,617 36
Gross cash expenditures, $521,694 71
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$148,850,901 00 $1,274,327 58
. 75,052,689 00 774,515 05
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$223,903,590 00 $2,048,842 63
. 87,497,241 00 826,008 36
$136,406,349 00 $1,222,S34 27
. 65,119,328 00 528,521 69
Net amount in force $71,287,021 00 $694,312 58
Perpetual risks in force (not incPd above), . $17,676,392 00 $410,737 02
STATE MUTUAL FIRE INSURANCE CO.
381
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$5,182,629 00
233,881 00
1,961,215 00
32,000 00
79,050 00
STATE MUTUAL FIRE INSURANCE COMPANY,
PROVIDENCE, R. I.
[Incorporated Feb. 26, 1855. Commenced business Feb. 26, 1855.]
THOMAS J. BORDEN, President. THEODORE P. BOGERT, Secretary.
Detailed Statement of Stocks,
United States bonds,
State of Rhode Island bonds, .
City of Providence bonds,
City of Boston bonds, . . . .
448 shares Providence & Worcester R.R.,
500 '
200 '
300 '
400
350 '
300 '
500 '
125
110
Old Colony Railroad,
Boston & Providence Railroad,
Pittsburg, Ft. Wayne & C. R.R.,
Rome, Watertown & Ogdens. R.R
N.Y., Lackawanna & Western R.R
Cleveland & Pittsburg Railroad,
Morris & Essex Railroad,
N. Y., N. H. & Hartford R.R.,
Merchants 1 National Bank,
Bonds, etc.
Par Value.
$50,000 00
60,000 00
50,000 00
47,000 00
44,800 00
50,000 00
20,000 00
30,000 00
40,000 00
35,000 00
15,000 00
25,000 00
12,500 00
5,500 00
Market Value.
$69,000 00
60,900 00
58,500 00
47,660 00
134,400 00
101,500 00
60,400 00
56,700 00
54,000 00
47,250 00
28,350 00
47,000 00
26,375 00
7,150 00
$484,800 00 $799,185 00
Summary of Assets Dec. 31, 1900.
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Gross assets, ....
$799,185 00
557 34
45,043 07
6,242 09
5,346 31
$856,373 81
Liabilities.
Unearned premiums on outstanding risks,
State taxes,
Gross liabilities,
$319,877 79
11,901 72
331,779 51
Net cash assets, $524,594 30
382
ST. PAUL FIRE AND MARINE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$9,816 36
671,157 35
f680,978 71
5,346 31
$675,627 40
28,006 65
Gross cash expenditures,
$647,620 75
26,985 13
$674,605 88
$45,621 00
537,591 B5
16,936 08
13,118 37
14,725 16
$627,992 46
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31,1899, $74,302,810 00 $595,833 54 $2,979,167 70
Risks written during 1900, . 86,259,188 00 676,289 39 3,381,446 95
Total,. . . . $160,561,998 00 $1,272,122 93 $6,360,614 65
Risks terminated during 1900, . 79,497,015 00 632,367 36 3,161,836 80
In force at end of year, .
,064,983 00 $639,755 57 $3,198,777 85
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1900, 89.92 per cent.
$45,621 00
" ST. PAUL FIRE AND MARINE INSURANCE COMPANY,"
ST. PAUL, MINN.
[Incorporated May, 1865. Commenced business May, 1S65.]
Paid-up Capital, $500,000.
C. H. BIGELOW, President. A. W. PERRY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
320 shares First N'l B'k of St. Paul, Minn., . $32,000 00 $72,000 00
50 " Second N'l B'k of St. Paul, Minn., . 5,000 00 9,750 00
ST. PAUL FIRE AND MARINE INSURANCE CO.
383
742 shares Merch. N'l B'k of St. Paul, Minn., .
335 " St. Paul N'l B'k of St. Paul, Minn.,
125 " First N'l B'k of Minn., Minn.,
40 " North w'n N'l B'k of Minn., Minn.,
50 " First N'l B'k of Stillwater, Minn.,
45 " First N'l B'k of Alexandria, Minn
60 " Amer. Exch. B'k of Duluth, Minn.,
50 " First N'l B'k of Duluth, Minn.,
25 " First N'l B'k of St. Peter, Minn.,
20 " Northw'n N'l B'k of Superior, Wis.
100 " No. Amer. Tel. Co., Minn., Minn.,
110 " West Pub. Co., St. Paul., Minn.,
500 " St. Paul Found. Co., St. P'l, Minn.
500 " Chic. Great Western Railway,
Northern Pacific R'y bonds,
Chic , St. Paul, Minn. & Omaha R'y Co. bonds
Union Pacific R'y bonds, .
Louisville & Nashville R.R. Co. bonds,
Montana Central R.R. Co. bonds,
Baltimore & Ohio R.R. Co. bonds,
City of Portland, Ore., bonds, .
City of Jordan, Minn., bonds, .
State of Georgia bonds, .
City of St. Paul, Minn , certificates,
City of Duluth, Minn., certificates,
County of Missoula, Mont., bonds,
City of Faribault, Minn., bonds,
County of Kidder, N. D., bonds,
County of Morton, N. D., bonds,
Village of Glencoe, Minn., bonds,
Town of Elmore, Minn., bonds,
Town of Jo Davies, Minn., bonds,
Town of Pilot Grove, Minn, bonds,
Village of Winnebago City, Minn., bonds
Village of Fulda, Minn., bonds,
Village of Detroit, Minn , Sch. Dis. No. 1 b'ds,
Jt. Sch. Dis. No. 33, Cass & Barnes, N. D., b'ds,
City of Richmond, Va., bonds, .
Minneapolis Gas Light Co. bonds,
Sch. Dis. No. 85, Cass & Bar. Co., N. D., b'ds,
St. Paul Gas Light Co. bonds, .
Roberts County, S. Dak., bonds,
Grant County, New Mex., bonds,
St. Paul Trust Co. bonds, .
Board of State Capitol Com. of Minn, certs.,
Town of Fisher, Minn., bonds, .
City of Grand Forks, N. D., bonds,
Village of Gaylord, Minn., bonds,
Par Value.
$74,200 00
33,500 00
12,500 00
4,000 00
5,000 00
4,500 00
6,000 00
5,000 00
2,500 00
2,000 00
10,000 00
11,000 00
25,000 00
50,000 00
100,000 00
50,000 00
50,000 00
25,000 00
35,000 00
50,000 00
50,000 00
24,000 00
25,000 00
33,000 00
12,230 56
10,000 00
25,000 00
9,000 00
12,000 00
8,000 00
3,500 00
5,500 00
1,250 00
4,000 00
5,000 00
5,000 00
1,000 00
25,000 00
6,000 00
2,100 00
10,000 00
12,000 00
10,000 00
2,500 00
50,000 00
6,100 00
4,000 00
5,000 00
Market Value.
$74,200 00
30,150 00
13,750 00
5,600 00
7,500 00
6,525 00
6,900 00
6.500 00
3,125 00
1,500 00
8,000 00
11,922 50
25,000 00
45,500 00
104,000 00
67,500 00
52,500 00
25,000 00
46,550 00
44,375 00
57,230 00
25,200 00
26,000 00
33,000 00
12,630 56
11,500 00
25,000 00
9,9u0 00
13,080 00
9,200 00
3,500 00
5,775 00
1,250 00
4,000 00
5,250 00
5,500 00
1,000 00
25,000 00
6,240 00
2,100 00
11,500 00
13,200 00
10,000 00
2,500 00
50,000 00
6,710 00
4,360 00
5,300 00
384
ST. PAUL FIRE AND MARINE INSURANCE CO.
Sch. Dis. No. 81, Spokane Co., Wash., bonds,
Baker City, Ore., bonds, ....
City of Aberdeen, S. D., bonds,
Township of Staples, Minn., bonds, .
City of Redwood Falls, Minn., bonds,
Town of Kiester, P'aribault Co., Minn., bonds
Town of Seeley, Faribault Co., Minn., bonds,
Contracts for sale of land, Richland Co., N. D.
Par Value
«50,000 00
10,000 00
4,000 00
4,000 00
6,000 00
10,500 00
11,000 00
12,707 31
Market Value.
$57,500 00
10,800 00
4,418 75
4,200 00
6,742 50
10,500 00
11,000 00
12,707 31
$1,066,587 87 $1,171,641 62
Securities held as collateral for cash loans : —
Market Value. Loaned Thereon.
50 shares No. Amer. Tel. Co of Minn., Minn., $4,000 00 $3,300 00
83 " First Nat'l Bank, St. Paul, . . 18,675 00 5,500 00
100 " Merch. Nat'l Bank, St. Paul, . . 10,000 00 7,200 00
50 " First N'l Bank, Little Falls, Minn., 6,500 00 4,000 00
46 " Cons. Elevator Co., Duluth, Minn., . 4,600 00 3,000 00
46 " Cons. Elevator Co., Duluth, Minn., . 4,600 00 2,000 00
92 " Cons. Elevator Co., Duluth, Minn., . 4,600 00 2,895 05
50 " Franklin Invest. Co., St. Paul, . 10,000 00 5,500 00
30 " N'l Ger. Amer. Bank, St. Paul, . 2,850 00 1,500 00
315 " Far., Oz., Kirk & Co., St. P'l, Minn., 47,250 00 12,980 00
40 " C. W. Hackett Hdw. Co., St. P'l, . 5,000 00 2,500 00
25 " St. Paul Title & Trust Co., . . 625 00 500 00
124 " St. Paul Pioneer Press Co., . . 3,100 00 2,000 00
Little Falls, Minn., Elec. & Water Co. bonds, . 8,100 00 5,350 00
Little Falls, Minn., Water Power Co. bonds, . 22,500 00 18,000 00
$152,400 00 $76,225 05
Summary of Assets Dec.
31, 1900.
Cash value of unencumbered real estate,
$636,350 82
Loans on mortgage of real estate (first liens *),
296,475 00
Stocks and bonds, as per schedule, .
1,171,641 62
Loans on collateral security, as per schedule, .
76,225 05
Cash in the office of the company, .
14,175 25
Cash deposited in bank,
160,228 49
Premiums in course of collection (gross),
269,518 08
Notes taken for fire, marine and inland risks, .
16,932 34
Gross assets,
£° 611 t 16
65
^-^Ull )tJ^\J
Deduct special deposits in other States, .
104,960
00
. $2,536,586
65
$175,425 00
Amount of insurance held as collateral,
32-2,425 00
ST. PAUL FIRE AND MARINE INSURANCE CO.
385
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
$43,076 27
126,254 93
14,944 07
$184,275 27
21,902 01
$162,373 26
1,182,868 63
35,154 53
50,121 83
$1,430,518 25
32,246 69
$1,398,271 56
Surplus as regards policy holders, .
Paid-up capital,
. $1,138,315 09
500,000 00
Surplus over capital, $638,315 09
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
|262,078 52
1,832,393 30
$2,094,471 82
269,518 08
$1,824,953 74
327,229 89
$16,393 54
544,516 02
$560,909 56
16,932 34
$543,977 22
201,415 81
sources,
$1,497,723 85
342,561 41
16,886 26
59,494 57
18,074 4S
$1,934,740 52
386
ST. PAUL FIRE AND MARINE INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for incidentals,
$1,021,156 10
136,731 15
1300,222 38
121,620 95
£884,424 95
es,
Gross cash expenditures, ....
Risks and Premiums.
178,601 43
50,000 00
389,761 52
86,205 73
49,413 87
146,151 09
. 11,78-1,558 59
Premiums.
Fire risks outstanding Dec. 31, 1899, . $175,376,634 00 $2,159,032 82
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. 122,689,749 00 1,832,393 30
$298,066,383 00 £3,99 1,426 12
.120,273,733 00 1,705,611 97
£177,792,650 00 $2,285,814 15
. 12,610,308 00 155,837 64
$165,182,342 00 $2,129,976 51
. $5,211,441 00 |141,506 19
. 70,099,272 00 544,516 02
. $75,310,713 00 $686,022 21
. 70,117,700 00 484,383 61
. $5,193,013 00 £201,638 60
. 1,331,326 00 54,955 21
$3,861,687 00 £146,683 39
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$28,177,067 00
17,649,287 00
868,184 00
174,765 00
1,496,694 00
50,000 00
73,800 00
TEUTONIA INSURANCE CO. OF NEW ORLEANS.
387
" TEUTONIA INSURANCE COMPANY OF NEW ORLEANS," NEW
ORLEANS, LA.
[Incorporated April 12, 1871. Commenced business June 1, 1871.]
Paid-up Capital, $250,000.
ALBERT P. NOLL, President. GEORGE MEYER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$270,000 00
160,000 00
50,000 00
10,000 00
2,500 00
1,000 00
New Orleans city bonds, ....
Louisiana State bonds, ....
United States bonds,
100 shares Canal Bank, New Orleans,
25 " Germania N'l Bank, New Orleans,
10 " Provident Savings Bank, N. O.,
Market Value.
$319,887 50
177,200 00
58,000 00
13,700 00
3,287 50
1,090 00
$493,500 00 $573,165 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
31, 1900.
$40,000 00
573,165 00
303 33
31,741 98
76,000 32
$721,210 63
Liabilities.
Losses adjusted, unpaid, ....
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$28,156 81
235,355 16
13,150 00
4,000 00
12,035 80
292,697 77
$428,512 86
250,000 00
Surplus over capital, $178,512 86
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$64,483 77
657,153 42
$721,637 19
73,199 87
$648,437 32
203,715 17
$444,722 15
388
TEUTONIA INSURANCE CO. OF NEW ORLEANS,
Marine premiums outstanding Dec. 31, 1899, . $2,423 50
Premiums on risks written or renewed, . . 34,411 97
Total $36,835 47
Premiums now in course of collection, . . 2,800 45
Entire premiums collected, .... 134,035 02
Less reinsurance and return premiums, . . 7,473 50
Net cash marine premiums received, , .
Interest and dividends received from all sources, .
,561 52
26,117 76
Gross cash income, $497,401 43
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, ....
$320,660 10
40,005 31
$280,654 79
11,545 77
25,000 00
106,318 15
27,304 30
8,567 42
38,390 35
Gross cash expenditures, $497,780 78
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $32,283,438 00 $482,678 94
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1900, .
Deduct risks expired and terminated,
. 40,501,250 00 657,153 42
$72,784,688 00 $1,139,832 36
33,174,255 00 622,234 94
.$39,610,433 00 $517,597 42
. 6,423,040 00 75,626 60
. $33,187,393 00 $441,970 82
. $5,682,524 00 $34,411 17
. 5,682,524 00 34,411 17
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
$7,918,653 00
3,651,069 00
308,811 00
11,545 00
TRADERS INSURANCE CO.
389
Cash dividends declared from organization of company, . $638,892 00
Dividends declared during the year (10 per cent.), . . 25,000 00
Company's stock owned by directors, 75,500 00
« TRADERS' INSURANCE COMPANY," CHICAGO, ILL.
[Incorporated February, 1865. Commenced business May, 1872.]
Paid-up Capital, $500,000.
E. BUCKINGHAM, President. S. A. ROTHERMEL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $110,000 00 $118,700 00
North Chicago St. R.R. Co. bonds, . . . 5,000 00 5,000 00
Cass Ave. & Fair Grounds Railway bonds, . 10,000 00 10,000 00
Chic. & Eastern Illinois R.R. bonds, . . 10,000 00 11,600 00
Lake Erie & Western R.R. bonds, . . . 20,000 00 24,800 00
Wabash Railroad bonds, 25,000 00 29,375 00
Atchison, Topeka & Santa Fe R'y bonds, . 50,000 00 44,000 00
Union Pacific R.R. bonds, 50,000 00 53,750 00
Erie Railroad bonds, 50,000 00 49,375 00
Metropolitan West Side Elevated R.R. bonds, 20,000 00 19,500 00
United States of Mexico bonds, . . . 48,500 00 48,257 50
Chicago, Milwaukee & St. Paul R'y stock, . 100,000 00 161,000 00
Chicago & Northwestern R'y stock, . . . 75,000 00 137,250 00
Illinois Central R.R. stock, .... 70,000 00 90,300 00
Denver & Rio Grande R.R. stock, . . . 120,000 00 101,400 00
Chic, St. Paul, Minn. & Omaha R'y stock, . 15,000 00 18,750 00
Union Pacific R.R. stock, 50,000 00 41,250 00
Chicago & Alton R'y stock 50,000 00 37,500 00
Chicago City R'y stock, 176,500 00 450,075 00
Chicago West Division R'y stock, . . . 6,800 00 47,600 00
North Chicago City R'y stock, .... 5,000 00 27,500 00
North Chicago Street R.R. stock, . . . 72,000 00 136,800 00
South Side Elevated R.R. stock, . . . 30,000 00 29,850 00
First National Bank stock, .... 10,000 00 32,500 00
Corn Exchange National Bank stock, . . 27,500 00 89,375 00
Continental National Bank stock, . . . 32,500 00 56,875 00
American Exchange National Bank stock, . 25,000 00 2,500 00
National Bank of America stock, . . . 30,000 00 2,400 00
America National Bank stock, .... 27,500 00 5,500 00
Union National Bank stock, .... 20,000 00 2,000 00
Chicago Leasehold Trustees stock, . . . 25,000 00 20,000 00
Town of Cicero warrants, . . . . 1,061 85 976 90
$1,367,361 85 $1,905,759 40
390 traders' insurance co.
Securities held as collateral for cash loans : —
Market Value. Loaned Thereon.
Chicago Auditorium Ass'n bonds, . . . |28,000 00 $21,000 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Prem's more than three mos. due, f 3,350 65
Gross assets,
Deduct special deposits in other States, .
$45,746 17
176,850 00
4,214 18
1,905,759 40
21,000 00
770 16
104,116 33
6,698 97
151,066 65
$2,416,221 86
13,825 00
Balance, $2,402,396 86
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
$37,187 13
77,104 10
11,435 00
$125,726 23
18,928 20
$106,798 03
787,288 05
15,711 87
7,722 14
10,501 09
$928,021 18
9,505 89
918,515 29
Surplus as regards policy holders, $1,483,881 57
Paid-up capital, 500,000 00
Surplus over capital, $983. SSI 57
* Value of lands mortgaged S343,6St 00
Value of buildings thereon, BM8 00
Amount of insurance held as collateral, .... 152,3S3 00
TRADERS INSURANCE CO.
391
Income.
Fire premiums outstanding Dec, 31, 1899,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
$110,634 63
13 88
$110,620 75
1,445,094 26
$1,555,715 01
154,417 30
$1,401,297 71
312,680 65
sources,
$1,088,617 06
14,323 06
80,663 48
1,212 87
$1,184,816 47
$776,344 35
118,008 03
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
$115,540,592 00
. 116,075,063 00
$231,615,655 00
. 106,617,545 00
$124,998,110 00
. 8,926,503 00
$658,336 32
50,000 00
239,243 85
73,928 89
34,251 50
72,268 61
$1,128,029 17
Premiums.
$1,312,577 70
1,445,094 26
$2,757,671 96
1,158,206 19
$1,599,465 77
112,100 78
$116,071,607 00 $1,487,364 99
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$14,944,065 00
. 9,088,919 00
659,194 00
. 1,422,500 (^0
50,000 00
142,300 00
392
UNION INSURANCE CO. OF PHILADELPHIA.
"UNION INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.]
Paid-up Capital, $200,000.
CHAS. S. HOLLIN8HEAD, President. E. R. DANNELS, Secretary.
Detailed Statement of Stocks
Susquehanna Coal Co. bonds, .
Steubenville & Indiana R.R. Co. bonds, .
Chesapeake & Delaware Canal Co. bonds,
Philadelphia & Reading R.R. Co. bonds, .
Lehigh Valley R.R. Co. bonds,
North Pennsylvania R.R. Co. bonds,
Hestonville, Mantua & Fair. Pass. R.R. Co. b'd3
People's Pass. R'y Co. bonds, .
Lehigh Coal & Navigation Co. bonds,
Cincinnati, Dayton & Ironton R.R. Co. bonds,
Atlantic City R.R. Co. bonds, .
Union Traction Co. bonds,
Penn. & N. Y. Canal & R.R. Co. bonds,
Bloomfield Street R'y Co. bonds,
Lynn & Boston R.R. Co. bonds,
Camden & Suburban R'y Co. bonds,
100 shares Little Schuylkill R.R. Co.,
136
68
100
109
120
North Pennsylvania Railroad Co.,
Philadelphia National Bank, .
Philadelphia Traction Co.,
Thir. & Fifteenth Sts. Pass. R'y Co.,
Philadelphia & Reading R.R. Co., .
Securities held as collateral for cash loans : —
70 shares Cons. Traction Co. of Pitts.,
20 shares West Chicago Street R'y Co., .
and Bonds.
Par Value.
$10,000 00
15,000 00
15,000 00
45,000 00
10,000 00
2,000 00
3,000 00
11,000 00
10,000 00
5,000 00
11,000 00
10,000 00
10,000 00
10,000 00
5,000 00
10,000 00
5,000 00
6,800 00
6,800 00
5,000 00
5,450 00
6,000 00
Market Value.
111,800 00
16,950 00
7,950 00
52,537 50
12,700 00
2,120 00
3,540 00
12,320 00
10,200 00
5,550 00
12,650 00
10,050 00
10,900 00
11,200 00
5,650 00
10,800 00
5,700 00
14,688 00
16,456 00
9,900 00
33,790 00
1,736 25
$217,050 00 $279,187 75
Market Value. Loaned Thereon.
§4,637 50
2,020 00
$4,400 00
£6,657 50 $4,400 00
Summary of Assets Dec 31, 1900.
Cash value of unencumbered real estate, . §160,000 00
Loans on mortgage of real estate (first liens *), 9,900 00
Interest due or accrued thereon, . . . 150 00
* Value of property mortgaged,
Amount of insurance held as collateral,
$16,000 00
7,000 00
UNION INSURANCE CO. OF PHILADELPHIA.
393
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Cash in hands of manager,
Perpetual insurance,
Prem's more than three mos. due, $744 31
Gross assets,
$279,187 75
4,400 00
1,197 35
25,088 26
56,407 13
6,925 97
742 50
$543,998 96
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ...
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance disallowed, .
Miscellaneous,
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
$12,376 78
24,172 13
4,000 00
$40,548 91
6,633 86
$33,915 05
206,100 19
33,833 12
15,704 88
155 66
29 70
289,738 60
. $254,260 36
200,000 00
Surplus over capital, §54,260 36
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Deposits received for perpetual fire risks,
$52,275 70
354,905 90
$407,181 60
56,407 13
$350,774 47
72,172 96
sources,
10
$278,601 51
495 00
16,565 50
2,724 91
73
Gross cash income, $298,387 65
394 THE UNITED FIRE INSURANCE CO. OF BALTIMORE CITY.
Expenditures.
Cash paid for fire losses, $213,323 20
Deduct salvage and reinsurance, . . . 16,664 71
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expenses on real estate,
for incidentals, ....
Deposits returned on perpetual fire risks, . $569 53
Gross cash expenditures,
Risks and Premiums.
$196,658 49
12,000 00
56,281 38
43,332 42
8,067 09
5,136 49
22,652 14
1344,128 01
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
. $39,929,543
. 33,574,655
Premiums.
00 $409,201 57
00 354,905 90
. $73,504,198
. 31,368,831
00 $764,107 47
00 331,199 80
$42,135,367
, 2,420,493
00 $432,907 67
00 25,323 19
. ?39,714,874
. $1,258,459
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, .
00 $407,584 48
00 $37,592 35
$25,403,017 00
17,874,556 00
183,318 00
1,942,221 00
12,000 00
38,980 00
"THE UNITED FIRE INSURANCE COMPAN5T OF BALTIMORE
CITY," BALTIMORE, MD.
[Incorporated Feb. 28, 1899. Commenced business April 20, 1899.]
Paid-up Capital, $250,000.
H. CRAWFORD BLACK, President. M. LEWIN HEWES, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
Baltimore city bonds, $290,200 00
Maryland State bonds,
Virginia century bonds,
Richmond, Va., bonds,
Virginia Midland bonds,
Atlanta & Charlotte bonds,
2,000 00
3,000 00
10,000 00
3,000 00
2,000 00
Market Value.
$324,735 50
2,040 00
2,895 00
10,500 00
3,375 00
2,310 00
THE UNITED FIRE INSURANCE CO. OF BALTIMORE CITY. 395
210 shares N. C. R'y Co., .
200 " National Bank of Commerce,
250 " Citizens' National Bank, .
625 " National Mechanics 1 Bank,
100 " Western National Bank, .
Baltimore & Ohio bonds, .
United R'ys, Baltimore, bonds, .
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Rents due and accrued,
Reinsurance due on losses paid,
Gross assets, ....
Deduct special deposits in other States,
Par Value.
$10,500 00
3,000 00
2,500 00
6,250 00
2,000 00
20,000 00
3,000 00
Market Value.
$18,690 00
4,400 00
6,250 00
18,125 00
3,600 00
19,200 00
2,940 00
Balance,
$357,450 00 $419,060 50
31, 1900.
$65,300 00
6,800 00
147 55
419,060 50
1,038 34
5,960 41
6,596 00
51,675 85
374 57
2,862 08
$559,815 30
13,395 00
$546,420 30
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
$27,811 60
700 00
Total amount of losses, ....
Less reinsurance,
$28,511 60
4,236 00
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
$24,275 60
145,528 46
844 31
536 39
8,896 33
14,555 60
285 80
Gross liabilities, except capital,
Deduct liability on special deposits,
. $194,922 49
13,395 00
181,527 49
.
Surplus as regards policy holders, .
$364,892 81
250,000 00
Surplus over capital, ....
$114,892 81
Amount of insurance held as collateral,
7,500 00
5,000 00
396 THE UNITED FIRE INSURANCE CO. OF BALTIMORE CITY.
Income.
Fire premiums outstanding Dec. 31, 1899, . 833,118 00
Premiums on risks written or renewed, . . 286,208 58
Total, $319,326 58
Premiums now in course of collection, . . 51,675 85
Entire premiums collected, .... $267,650 73
Less reinsurance and return premiums, . . 82,218 12
Net cash fire premiums received, . . . $185,432 61
Interest received on mortgages, 187 00
Interest and dividends received from all other sources, . . 13,564 82
Income from rents, etc., 5,884 10
Gross cash income, $205,068 53
Expenditures.
Cash paid for fire losses, $137,671 26
Deduct salvage and reinsurance, . . . 25,510 78
Net cash paid for fire losses, .... $112,160 48
Cash paid for commissions and brokerage, .... 44,048 15
for salaries of officers and employees, . . . 27,389 57
for State and local taxes, 11,522 83
for incidentals, 18,323 73
Gross cash expenditures, $213,444 76
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
. $24,872,248 00 $208,970 19
. 29,736,963 00 286,208 58
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
.$54,609,211 00 $495,178 77
. 21,020,799 00 181,092 83
. $33,588,412 00 $314,085 94
. 4,705,975 00 46,061 70
Net amount in force $28,882,437 00 $268,024 24
Miscellaneous.
Premiums received from organization of company, . . $467,270 00
Losses paid from organization of company, .... 168,443 00
Fire losses incurred during the year, 110,855 00
Company's stock owned by directors, 49,440 00
UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 397
" UNITED FIREMEN'S INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 2, 1860. Commenced business April 1, 1861.]
Paid-up Capital, $300,000.
ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Allegheny Valley R.R. Co. bonds, . . . $20,000 00 $25,400 00
Atlantic City R.R. Co. bonds, .... 20,000 00 22,800 00
Baltimore & Potomac R.R. Co. bonds, v . . 5,000 00 6,100 00
Chicago, R. I. & Pacific R'y Co. bonds, . . 15,000 00 16,200 00
Chicago & Western Ind. R.R. Co. bonds, . . 10,000 00 12,000 00
Choctaw, Oklahoma & Gulf R.R. Co. bonds, . 15,000 00 16,500 00
Evansville & Terre Haute R.R. bonds, . . 10,000 00 10,700 00
Illinois Central R.R. Co. bonds, . . . 10,000 00 10,300 00
Lake Erie & Western R.R. Co. bonds, . . 10,000 00 12,400 00
Lehigh Valley R'y Co., N. Y., bonds, . . 20,000 00 22,200 00
Lehigh Valley R.R. Co. certificates, . . . 20,000 00 20,200 00
Lehigh Coal & Navigation Co. bonds, . . 20,000 00 20,600 00
McKeesport & Belle Vernon R.R. Co. bonds, . 10,000 00 12,500 00
Northern Central R'y bonds, .... 10,000 00 11,000 00
Penn. & New York Canal & R.R. Co. bonds, . 20,000 00 18,800 00
Pennsylvania R.R. Co. bonds, .... 20,000 00 22,000 00
Phil. & Baltimore Cent. R.R. Co. certificates, . 10,000 00 10,100 00
Philadelphia & Erie R.R. Co. bonds, . . 20,000 00 26,300 00
Pittsburg, Cin., Chic. & St. Louis R'y bonds, . 20,000 00 23,200 00
Car Trusts of New York, 9,000 00 9,090 00
Electric & People's Traction Co. certificates, . 15,200 00 15,200 00
Newark (N. J.) Passenger R'y Co. bonds, . 20,000 00 23,600 00
People's Passenger R'y Co. certificates, . . 15,000 00 16,200 00
Philadelphia Traction Co. bonds, . . . 10,000 00 10,600 00
Second Ave. Traction Co. (Pittsburg) bonds, . 15,000 00 17,700 00
The Mortgage Trust Co. of Penn. debenture, . 10,000 00 8,000 00
The Real Est. Title Ins. & Trust Co. debenture, 20,000 00 20,000 00
City of Woonsocket, Dak., bonds, . . . 6,000 00 6,000 00
United Gas Co. debenture bonds, . . . 25,000 00 26,000 00
200 shares Continental Pass. R'y, Phila., . . 10,000 00 30,800 00
30 " Frankford & Southw'k Pass. R'y, . 1,500 00 13,650 00
200 " Union Passenger Railway, . . 10,000 00 48,000 00
34 " Mil. Underwrite Build. Asso. No. 1, 100 00 100 00
Wilmington City (Del.) R'y Co. bonds, . . 13,000 00 13,260 00
United Railways certificates, .... 20,000 00 17,200 00
$484,800 00 $594,700 00
398 UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA.
Securities held as collateral for cash loans : —
50 shares 13th & 15th Sts. Pass. R'y Co.,
20 " Bucks Co. (Pa.) Trust Co., .
12 " New Hope Delaware Bridge Co., .
10 " Title Guarantee & Trust Co., N. Y.,
200 " Philadelphia Traction Co.,
Consolidated Traction Co. of N. J. bonds,
75 shares Real Est. Title Ins. & T. Co., Phila.,
500 " Philadelphia Traction Co.,
6 " Fr'kf d & South's P. R.R. Co., Phila.,
)> f 23,500 00
Market Value. Loaned Thereon.
$15,500 00^1
2,000 00
1,200 00
4,500 00
19,800 00
6,540 00 J
8,550 00
49,500 00
2,700 00
5,000 00
35,000 00
2,000 00
8110,290 00 $65,500 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Perpetual deposits in course of collection,
Prem's more than three mos. due, $1,727 82
Gross assets,
$202,100 00
524,881 50
9,192 53
594,700 00
65,500 00
2,389 17
74,664 94
1,046 62
59,951 70
333 32
3,603 48
$1,538,363 26
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
17,648 38
7,188 50
9,600 00
258,685 36
730,745 82
591 82
5,000 00
14,622 08
8,060 09
3,165 77
1,045,307 82
$493,055 44
300,000 00
Surplus over capital, $ 193,055 44
* Value of property mortgaged, .
Amount of insurance held as collateral,
$1,01S,275 00
417,713 00
UNITED FIREMEN'S INSURANCE CO. OF PHILADELPHIA. 399
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
$55,184 33
326 66
$54,857 67
370,581 53
$425,439 20
61,679 52
$363,759 68
62,658 17
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from all other sources,
Deposits received for perpetual fire risks, . $26,810 00
$301,101 51
33,138 73
28,336 27
1,969 23
Gross cash income, $364,545 74
Expenditures.
Cash paid for fire losses, .....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expenses on real estate,
for incidentals, ....
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
$23,423 96
1212,799 32
30,000 00
69,223 45
28,093 14
8,497 10
355 67
29,494 39
$378,463 07
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . . $48,092,217 00 $471,829 31
Fire risks written during 1900, . . . 35,889,967 00 370,581 53
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, ....
Perpetual risks in force (not incl'd above),
. $83,982,184 00 $842,410 84
. 31,096,419 00 310,138 43
$52,885,765 00 $532,272 41
3,187,329 00 37,278 14
, $49,698,436 00 $494,994 27
$35,498,634 00 $808,659 18
400
UNITED STATES FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$5,172,171 00
3,134,005 00
197,658 00
533,506 00
30,000 00
82,610 00
"UNITED STATES FIRE INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated April 1, 1824. Commenced business April 9, 1824.]
Paid-up Capital, $250,000.
W. W. UNDERHILL, President. S. M. CRAFT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$25,000 00
100,000 00
85,000 00
Rensselaer & Saratoga R.R. stock, .
Consol. stock, N. Y. city bonds,
United States bonds, .
Market Value.
$50,000 00
107,371 25
110,800 00
§210,000 00 $268,171 25
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $46,000 00
Loans on mortgage of real estate (first liens *), 309,200 00
Interest due or accrued thereon, . . . 1,850 50
Stocks and bonds, as per schedule, . . . 268,171 25
Cash in the office of the company, . . . 6,138 04
Cash deposited in bank, 14,916 66
Interest due and accrued, 627 07
Premiums in course of collection (gross), . 96,891 65
Reinsurance due on losses paid, ... 10 00
Gross assets,! ....
Deduct special deposits in other States,
Balance,
1748,805 17
76,300 00
$667,505 17
* Value of lands mortgaged, $294,300 00
Value of buildings thereon, 274,700 00
Amount of insurance held as collateral, . . . 240,200 00
t Including $125,000 special reserve fund held under New York law.
UNITED STATES FIRE INSURANCE CO.
401
Liabilities
Losses adjusted, unpaid, ....
$8,256 79
claimed and reported, .
37,537 68
disputed or resisted,
5,563 48
Total amount of losses, ....
$51,357 95
Less reinsurance,
5,411 42
Net amount of unpaid losses, .
$45,946 53
Unearned premiums on outstanding risks,
276,382 17
Due and accrued for rent, salaries, etc., .
3,585 81
Commissions and brokerage, .
18,477 67
Return premiums,
24,695 80
617 30
Reinsurance disallowed, ....
3,865 97
Gross liabilities, except capital,
. $373,571 25
Deduct liability on special deposits,
18,044 38
Surplus as regards policy holders, .
$355,526 87
$311,978 30
250,000 00
$61,978 30
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Gross cash income, ....
$74,889 09
89 06
$74,800 03
465,457 79
$540,257 82
93,377 96
$446,879 86
128,768 21
$3,547 53
40,722 98
$44,270 51
3,513 69
,756 82
7,287 59
sources, .
$318,111 65
33,469 23
8,123 39
17,180 30
780 35
$377,664 92
402
UNITED STATES EIRE INSURANXE CO.
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of ofiicers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
8199,750 97
31,927 09
$22,237 47
5,5ul 15
$167,823 88
16,736 32
20,000 00
93,682 27
25,071 67
10,662 52
37,053 94
. $371,030 60
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31,1899, . .$43,084,595 00 $441,28185
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. 43,864,763 00 465,457 79
,949,358 00 $906,739 64
33,384,819 00 366,320 74
853,564,539 00 $540,418 90
5,947,352 00 67,219 do
§47,617,187 00 $473,199 35
$1,226,092 00 2,259 71
2,204,145 00 40,722 98
§3,430,237 00
2,347,729 00
$1,082,508 00
4,500 00
$72,982 69
40,927 13
832,055 56
215 00
$1,078,008 00 $31,840 56
Miscellaneous.
Premiums received from organization of company, . . $7,266,845 00
Losses paid from organization of company, .... 3,897,949 00
Fire losses incurred during the year, ..... 165,076 00
Marine and inland losses incurred during the year, . . . 21,831 00
Cash dividends declared from organization of company, . 1,926,590 00
Dividends declared during the year (8 per cent.), . . . 20,000 00
Company's stock owned by directors, 63,575 00
UNITED STATES LLOYDS.
403
" UNITED STATES LLOYDS," NEW YORK, N. Y.
[Commenced business December, 1872.]
HIGGINS, COX & APPLETON, Attorneys.
Detailed Statement op Stocks and Bonds.
Par Value. Market Value.
Massachusetts State bonds, .... $50,000 00 $55,000 00
Havana, Cuba, city bonds, .... 25,000 00 25,000 00
Consolidated stock, city of N. Y., . . . 25,000 00 25,500 00
New York city stock, 100,000 00 101,000 00
Boston city bonds, 50,000 00 55,000 00
Chic, Rock Island & Pacific R.R. bonds, . . 50,000 00 54,500 00
Long Island R.R. Co. bonds, .... 50,000 00 52,500 00
Union Pacific R.R. Co. bonds, .... 50,000 00 53,500 00
Atch., Topeka & Santa Fe R.R. bonds, . . 50,000 00 51,000 00
Northern Pacific R'y Co. bonds, . . . 25,000 00 26,250 00
Baltimore & Ohio Li.R. Co. bonds, . . . 50,000 00 50,500 00
Scioto Valley & New England R.R. Co. bonds, 15,000 00 15,300 00
Atlantic Mutual Ins. Co. scrip, .... 50,000 00 50,000 00
$590,000 00 $615,050 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Reinsurance due on losses paid,
Prem's more than three mos. due, $5,863 06
Gross assets,
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Cash deposited in trust, .
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage,
Return premiums,
Reinsurance,
Rebate, ....
Reinsurance disallowed, .
Miscellaneous, .
Gross liabilities, .
$615,050 00
2,000 00
73,647 82
9,474 43
110,917 48
43,854 75
$854,944 48
$137,085 00
110,917 48
17,204 93
425 00
1,775 00
10,158 06
21,000 00
62,022 97
12,071 16
225,715 00
4,158 20
602,532 80
Surplus, $252,411 68
404
UNITED STATES LLOYDS.
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected, .....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected, .... §1,562,958 74
Less reinsurance and return premiums, . . 1,243,352 81
Net cash fire premiums received, . . . $319,605 93
Interest and dividends received from all sources, . . . 19,153 17
Income from commissions, discounts, reinsurance, etc., . . 105,244 78
$228,116 49
1,483 68
$226,632 81
1,529,129 36
$1,755,762 17
192,803 43
Gross cash income, $444,003 88
Expenditures.
Cash paid for fire losses, $1,118,642 58
Deduct salvage and reinsurance, . . . 845,275 46
Net cash paid for fire losses, .... £273,367 12
Cash dividends paid, 50,000 00
Cash paid for commissions and brokerage, .... 44,905 22
for salaries of officers and employees, . . . 62,322 93
for State and local taxes, 5,855 05
Gross cash expenditures, .
. $436,450 32
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Risks and Premiums.
Premium*.
. $25,844,256 00 $181,823 49
. 293,862,758 00 1,529,129 36
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, . .
§319,707,014 00 $1,710,952 85
. 301,418,369 00 1,600,035 37
.$18,288,645 00 $110,917 48
. 9,036,153 00 51,630 36
. $9,252,492 00 $59,287 12
Miscellaneous.
Marine and inland losses incurred during the year,
. $1,427,126 00
VICTORIA FIRE INSURANCE CO. OF NEW YORK.
405
"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated June 24, 1896. Commenced business July 1, 1896.]
Paid-up Capital, $200,000.
HENRY H. HALL, President. EDW. K. BEDDALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $105,000 00
City of Chicago river bonds,
Maine Central R.R. bonds,
New York city loan, .
224 shares Beech Creek R.R.,
20,000 00
15,000 00
50,000 00
11,200 00
Market Value.
$144,450 00
22,400 00
15,900 00
53,500 00
11,760 00
$201,200 00 $248,010 00
Summary of Assets Dec 31, 1900.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$248,010 00
497 81
1,857 33
5,443 73
$530 39
15,798 61
$16,329 00
10,805 25
$5,523 75
44,501 47
816 56
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income,
$7,122 80
113,410 31
$120,533 11
5,443 73
$115,089 38
25,269 15
$255,808 87
50,841 78
$204,967 09
200,000 00
$4,967 09
$89,820 23
8,025 04
,845 27
406
WESTCHESTER FIRE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$82,796 59
3,336 48
Gross cash expenditures,
$79,460 11
17,563 79
4,709 41
3,074 21
3,851 12
? 108,658 64
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
. $9,016,935 00 §88,945 96
. 11,551,738 00 113,410 31
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$20,568,673 00 $202,356 27
11,950,818 00 113,550 44
$8,617,855 00 $88,805 83
115,660 00 1,387 09
. $8,502,195 00 $87,418 74
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$351,993 00
233,302 00
68,280 00
15,000 00
32,500 00
"WESTCHESTER FIRE INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated as mutual March 14, 1S37. Commenced business as joint-stock Jan. 1, 1S70.]
Paid-up Capital, $300,000.
GEO. R. CRAWFORD, President. M. O. BROWN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
New York city bonds, $150,000 00 £169,000 00
United States consols, 60,000 00 69,000 00
St. Joe. & Gr. Island R.R. bonds, . . . 40,000 00 36,000 00
Atch., Topeka & Santa Fe R.R. bonds, . . 30,000 00 30,600 00
Chesapeake & Ohio R.R. bonds, . . . 30,000 00 36.000 00
Buffalo, Roch. & Pitts. R.R. bonds, . . . 30,000 00 33,900 00
WESTCHESTER FIRE INSURANCE CO.
407
Philadelphia & Reading R.R. bonds,
Missouri, Kansas & Texas R.R. bonds,
Union Pacific R.R. bonds, .
Missouri Pacific R.R. bonds,
Richmond city, Va., bonds,
N. Y. & Harlem R.R. stock,
Albany & Susquehanna R.R. stock, .
Rensselaer & Saratoga R.R. stock, .
N. Y., Lack. & Western R.R. stock, .
Rome, Watertown & Ogdens. R.R. stock,
Oswego & Syracuse R.R. stock,
Chicago & Northwestern R.R. stock,
Chic, Mil. & St. Paul R.R. stock, .
Delaware, Lack. & Western R.R. stock,
Pennsylvania R.R. stock, .
Syracuse, Binghamton & N. Y. R.R. stock,
N. Y. Cent. & Hudson River R.R. stock,
Delaware & Hudson Canal Co. stock,
Chicago, Burlington & Quincy R.R. stock,
Chatham National Bank stock,
Par Value.
$30,000 00
30,000 00
30,000 00
40,000 00
16,000 00
60,000 00
40,000 00
50,000 00
80,000 00
50,000 00
20,000 00
50,000 00
80,000 00
50,000 00
25,000 00
50,000 00
30,000 00
50,000 00
30,000 00
5,000 00
Market Value.
$27,900 00
28,500 00
31,500 00
47,800 00
16,000 00
246,000 00
78,000 00
97,500 00
106,600 00
66,500 00
43,000 00
86,000 00
137,300 00
97,000 00
36,750 00
95,000 00
43,500 00
65,000 00
42,600 00
15,500 00
$1,156,000 00 $1,782,450 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate, . $225,000 00
Loans on mortgage of real estate (first liens *), 588,962 50
Interest due or accrued thereon, . . . 10,739 50
Stocks and bonds, as per schedule, . . . 1,782,450 00
Cash deposited in bank 122,392 56
Premiums in course of collection (gross), . 275,470 74
Prem's more than three mos. due, $15,393 14
Gross assets,
Deduct special deposits in other States,
1,005,015 30
85,000 00
Balance, $2,920,015 30
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$38,070 89
102,636 73
7,950 00
$148,657 62
15,515 38
$133,142 24
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$545,000 00
610,300 00
554,050 00
408
WESTCHESTER FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
$1,290,360 44
62,254 26
5,538 02
$1,491,294 96
29,874 27
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899, . $251,292 54
Same not collected, 4,260 83
Net collected, $247,031 71
Premiums on risks written or renewed, . . 1,972,144 56
Total, f2,219,176 27
Premiums now in course of collection, . . 290,863 88
$1,461,420 69
$1,458,534 61
300,000 00
$1,158,594' 61
. $1,928,312 39
402,309 06
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
$1,526,003 33
34,459 21
88,632 24
1,563 25
Gross cash income, f 1,650,658 03
Expenditures.
Cash paid for fire losses, $1,034,843 00
Deduct salvage and reinsurance, . . . 147,390 56
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$243,988,834 00
. 197,897,634 00
$441,886,468 00
. 139,468,551 00
$302,417,917 00
. 23,181,085 00
$887,452 44
48,000 00
333,399 89
111,034 70
43,501 84
141,175 66
$1,564,564 53
Premiums.
$2,363,362 11
1,972.144 56
$4,335,506 67
1,626,810 88
$2,708,695 79
209,755 56
$279,236,832 00 $2,498,940 23
THE WESTERN INSURANCE CO. OF PITTSBURGH.
409
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (16 per cent.),
Company's stock owned by directors, ....
$27,691,399 00
15,309,791 00
895,128 00
894,000 00
48,000 00
97,200 00
"THE WESTERN INSURANCE COMPANY OF PITTSBURGH,"
PITTSBURGH, PA.
[Incorporated March 20, 1849. Commenced business May 1, 1849.]
Paid-up Capital, $300,000.
JOHN B. JACKSON, President. D. DALLAS HARE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $30,000 00 $34,200 00
Allegheny County bonds, 20,000 00 20,000 00
Pittsburgh Junction R.R. bonds, . . . 23,000 00 28,290 00
Pittsburgh & Western R.R. bonds, . . . 10,000 00 10,200 00
Pittsburgh & Allegheny Bridge Co. bonds, . 15,000 00 16,200 00
Jack's Run Bridge Co. bonds, .... 4,000 00 4,320 00
East McKeesport school bonds, . . . 2,500 00 2,650 00
Wilkinsburg Borough bonds, .... 30,000 00 32,700 00
Braddock Township school bonds, . . . 6,000 00 6,090 00
New Brighton school bonds, .... 5,000 00 5,100 00
German Evangelical Protestant Church bonds, 1,000 00 1,000 00
Bellevue Borough bonds, 4,000 00 4,320 00
Avalon Borough school bonds, .... 2,000 00 2,035 00
Connellsville Water Co. bonds, . . . 4,000 00 4,100 00
Pennsylvania Water Co. bonds, . . . 5,000 00 5,400 00
Beaver Valley Traction Co. bonds, . . . 8,000 00 8,200 00
100 shares Pitts. & Western R.R., . . . 5,000 00 500 00
$174,500 00 $185,305 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross) ,
Rents due and accrued, ....
Gross assets,
$62,000 00
197,250 00
3,136 75
185,305 00
1,564 15
16,630 56
637 50
36,256 93
150 00
$502,930 89
* Value of lands mortgaged $23S,750 00
Value of buildings thereon 184,450 00
Amount of insurance held as collateral, .... 168,300 00
410
THE WESTERN INSURANCE CO. OF PITTSBURGH.
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Miscellaneous,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$5,238 00
9,585 25
2,650 00
$17,473 25
21 62
$17,451 63
145,717 10
7,481 59
2,236 72
7,495 04
$180,382 08
$322,548 81
300,000 00
622,548 81
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection,
$34,884 78
242,151 00
$277,035 78
36,152 48
Entire premiums collected, .... $240,883 30
Less reinsurance and return premiums, . . 49,160 38
Net cash fire premiums received,
Marine premiums on risks written or renewed,
Marine premiums now in course of collection,
Net cash marine premiums received, . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents, etc.,
$273 60
104 45
$191,722 92
169 15
10,381 50
10,064 79
5,184 77
Gross cash income, $217,523 13
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of ofiicers and employees,
for State and local taxes,
for rent and incidentals, .
Repairs on real estate,
Gross cash expenditures, ....
$195,337 37
7,924 57
$187,412 80
43,320 41
10,273 64
5,770 52
12.357 87
885 16
$260,020 40
WHAT CHEER MUTUAL FIRE INSURANCE CO.
411
Risks and Premiums.
. $ 27,477,857 00
. 22,473,399 00
.$49,951,256 00
. 22,161,734 00
. $27,789,522 00
. 1,644,952 00
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1900, .
Deduct risks expired and terminated,
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Company's stock owned by directors,
Premiums.
$295,619 56
242,151 00
$537,770 56
236,323 75
$301,446 81
16,027 49
26,144,570 00 $285,419 32
$33,838 0C
33,838 0C
» $273 60
273 60
»
pany
$4,824,280 00
2,954,800 00
155,896 00
989,500 00
51,500 00
WHAT CHEER MUTUAL FIRE INSURANCE COMPANY,
PROVIDENCE, R. I.
[Incorporated May, 1873. Commenced business Jan. 1, 1874.]
LEWIS T. DOWNES, President. JOSEPH T. DAY, Secretary.
Detailed Statement of Stocks,
100 shares Nat'l Bank of Commerce, Prov.,
70 '
100 «
100 '
100 '
50 '
100 ■
100 ■
100 '
100 '
50 ■
220 •
100 '
100 ■
' American Nat'l Bank, Providence,
' N'l Bank of No. America, Prov.,
4 Chic. & Northwestern R'y Co.,
* Chic, St. Paul, Minn. & Omaha R'y
' Old Colony R'y Co.,
1 Cleve., Cinn., Chic. & St. Louis R'y
' Illinois Central R'y,
1 Cleve. & Pitts. R'y, .
* N. Y., Lack. & Western R'y,
1 Albany & Susquehanna R'y,
* Pennsylvania R'y, .
' Rensselaer & Saratoga R'y,
1 Chic, Rock Island & Pacific R'y,
New York, West Shore & Buffalo R'y bonds,
Kansas City Elevated R'y bonds,
Lynn & Boston R'y bonds,
Bonds, etc.
Par Value.
$5,000 00
3,500 00
5,000 00
10,000 00
10,000 00
5,000 00
10,000 00
10,000 00
5,000 00
10,000 00
5,000 00
11,000 00
10,000 00
10,000 00
5,000 00
12,000 00
10,000 00
Market Value.
$5,000 00
3,220 00
4,600 00
21,800 00
18,300 00
10,250 00
11,500 00
10,400 00
9,500 00
13,500 00
10,500 00
16,280 00
20,200 00
12,100 00
5,800 00
10,920 00
11,300 00
412
WHAT CHEER MUTUAL FIRE INSURANCE CO.
Bridgeport Traction Co. bonds,
Steinway R'y Co. bonds, ....
Milwaukee Electric R'y & Light Co. bonds,
Par Value.
$5,000 00
5,000 00
5,000 00
Market Value.
15,500 00
5,800 00
5,400 00
$151,500 00 $211,870 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule,
Cash loans, ....
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities,
Net cash assets,
$211,870 00
71,168 51
3,340 31
22,696 78
2,425 93
5,625 11
$202 21
1,624 35
154,139 78
6,293 23
$317,126 64
162,259 57
$154,867 07
Income.
Premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends received from all sources,
84,972 04
328,028 40
$333,000 44
5,625 11
$327,375 33
14,912 06
$312,463 27
2,198 57
11,144 32
Gross cash income, $325,806 16
Expenditures.
Cash paid for losses, ....
as profits on terminated policies,
for salaries of officers and employe
for State and local taxes,
for rents,
for inspection expenses, .
for incidentals,
Gross cash expenditures,
es,
$48,600 26
234,448 52
10,684 00
5,710 39
1,440 00
4,951 66
3,037 48
$308,872 31
WILLIAMSBURGH CITY FIRE INSURANCE CO.
413
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1899, $31,367,888 00 $276,220 87 $1,381,104 35
Risks written during 1900, . 38,651,949 00 328,028 40 1,640,142 00
Total $70,019,837 00 $604,249 27 $3,021,246 35
Risks terminated during 1900, . 34,263,413 00 295,969 72 1,479,848 60
In force at end of year, . . $35,756,424 00 $308,279 55 $1,541,397 75
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1900, 83.81 per cent.
$46,097 00
"WILLIAMSBURGH CITY FIRE INSURANCE COMPANY,"
BROOKLYN, N. Y.
[Incorporated March, 1853. Commenced business March, 1853.]
Paid-up Capital, $250,000.
MARSHALL S. DRIGGS, President. FRED'K H. WAY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Richmond, Va., bonds, $13,500 00 $13,500 00
Georgia bonds, 10,000 00 11,400 00
Brooklyn Union Gas Co. of Brooklyn bonds, . 9,000 00 10,350 00
New York city bonds, 92,500 00 98,730 00
N. Y. & Hoboken Ferry Co. bonds, . . . 30,000 00 28,500 00
American Malting Co. bonds, .... 21,000 00 20,160 00
First National Bank of Brooklyn stock, . . 22,000 00 71,500 00
Brooklyn Union Gas Co. of Brooklyn stock, . 50,000 00 87,500 00
Kings Co. Trust Co. of Brooklyn stock, . . 9,000 00 33,750 00
Brooklyn City R.R. Co. of Brooklyn stock, . 10,500 00 24,360 00
Union Ferry Co. of Brooklyn stock, . . . 85,000 00 25,500 00
Chicago, Milwaukee & St. Paul R.R. stock, . 118,000 00 189,000 00
Western Union Telegraph Co. stock, . . 80,000 00 64,000 00
Consolidated Gas Co. of N. Y. stock, . . 60,000 00 114,000 00
N. Y. & Hoboken Fer. Co. of N. J. stock, . 60,000 00 45,000 00
Federal Steel Co. of N. J. stock, . . . 50,000 00 35,000 00
Williamsburgh Trust Co. of N. Y. stock, . 18,000 00 36,000 00
Delaware & Hudson Canal Co. stock, . . 20,000 00 25,000 00
N. Y. Central & Hudson River R.R. stock, . 10,000 00 14,000 00
Pennsylvania R.R. stock, 61,000 00 88,450 00
$829,500 00 $1,035,700 00
414 WILLIAMSBURGHCITY FIRE INSURANCE CO.
Securities held as collateral for cash loans : —
Market Value. Loaned Thereon.
93 shares Williamson Tr. Co., Brooklyn, N. Y., $18,600 00 \
72 " National Surety Co. of N. Y., . . 10,080 00 > $21,000 00
50 " Nassau Oil Co., 3,000 00 )
30 " Western Union Telegraph Co., . 2,400 00 1,500 00
134,080 00 f22,500 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Preni's more than three mos. due, $251 31
Gross assets,f
Deduct special deposits in other States, .
$629,000 00
243,900 00
1,751 00
1,035,700 00
22,500 00
2,582 24
12,884 18
6,032 90
102,601 89
6,845 51
2,485 59
$2,066,283 31
24,900 00
Balance $2,041,383 31
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
814,954 05
34,653 95
2,846 15
852,454 15
1,681 61
$50,772 54
616,091 01
1,996 00
283 33
5,592 45
18,598 68
* Value of lands mortgaged $207,250 00
Value of buildings thereon, 213,500 00
Amount of insurance held as collateral 216,800 00
t Including $280,000 special deposit held under ^Tew York law.
WILLI AMSBURGH CITY FIRE INSURANCE CO.
415
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital, ....
$2,071 05
12,819 6-4
$708,224 70
17,954 58
Surplus over capital, .
- $690,270 12
. $1,351,113 19
250,000 00
. $1,101,113 19
Income.
Fire premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income,
$87,125 79
6,970 06
),155 73
816,428 77
$896,584 50
102,853 20
$793,731 30
128,234 17
sources,
$665,497 13
13,995 73
43,426 16
3,293 69
. $726,212 71
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$400,579 34
30,690 48
$369,888 86
59,286 00
170,531 17
74,709 40
8,651 17
50,499 85
Gross cash expenditures, $733,566 45
416
WILLIAMSBURGH CITY FIRE INSURANCE CO.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
1143,047,895 00 $1,198,718 95
. 86,782,294 00 816,428 77
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$229,830,189 00 $2,015,147 72
. 80,509,505 00 715,755 66
$149,320,684 00 $1,299,392 06
. 8,137,267 00 80,121 59
$141,183,417 00 $1,219,270 47
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (24 per cent.),
Company's stock owned by directors,
$17,995,510 00
9,226,505 00
365,021 00
1,722,500 00
60,000 00
47,800 00
AGGREGATE.
Capital Stock.
Capital actually paid up in cash, .
Scrip outstanding,
Gross present assets,
Assets.
Liabilities.
Gross present liabilities,
Income.
Cash actually received for fire premiums, .
for marine and inland premiums,
for interest and dividends from all sources,
from all other sources,
Gross cash income,
Expenditures.
Cash actually paid during the year for fire losses,
for marine and inland losses, ....
for dividends to stockholders, ....
for dividends to policy holders (mutual companies)
for redemption of scrip,
for interest to scrip holders, ....
for brokerage and commission on premiums, .
for salaries and pay of officers and employees, .
for State and local taxes,
for office, agency and incidental expenses,
Gross cash expenditures,
Miscellaneous.
Whole amount of fire risks written during the year, .
premiums charged or receivable thereon,
marine and inland risks written during the year,
premiums charged or receivable thereon,
fire risks terminated during the year,
marine and inland risks terminated,
fire risks outstanding at end of year,
marine and inland risks outstanding,
cash dividends declared during the year,
fire losses incurred during the year,
marine losses incurred during the year, .
$49,102,875
6,299,974
$230,771,689
$101,917,870
$91,758,238
7,355,927
8,071,463
1,259,647
$108,445,275
$54,526,500
4,094,600
5,878,913
2,833,308
1,273,201
380,413
18,556,721
7,629,707
3,166,867
7,645,065
$105,985,295
$12,182,519,749
123,240,873
1,981,774,948
10,743,142
10,917,675,038
1,957,927,711
15,180,765,417
216,846,120
5,521,746
54,601,678
5,447,074
UNITED STATES BRANCHES OF
FOREIGN FIEE AND MAKINE
INSURANCE COMPANIES
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements, for the Year ending
December 31, 1900.
i
420
AACHEN AND MUNICH FIRE INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
UNITED STATES BRANCH OF THE "AACHEN AND MUNICH FIRE
INSURANCE COMPANY," AIX-LA-CHAPELLE, GERMANY.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, 29 and 31 Liberty Street, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $325,000 00
Consol. stock of the city of N. Y. bonds, . . 184,000 00
Atch., Topeka & Santa Fe R.R. bonds, . . 25,000 00
Chic, Rock Island & Pacific R.R. bonds, . 25,000 00
Northern Pacific R.R. bonds, .... 25,000 00
Union Pacific R.R. bonds, 25,000 00
Market Taloe.
$449,312 50
185,840 00
25,718 75
27,312 50
26,468 75
26,875 00
$609,000 00 $741,527 50
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Prem's more than three mos. due, f 1,170 97
Gross assets,
$741,527 50
40 08
75,345 66
920 00
113,387 91
1,787 43
$933,008 58
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Due for bills receivable, .
$69,125 00
14,067 92
1,787 43
84,980 35
Balance $848,028 23
AACHEN AND MUNICH FIRE INSURANCE CO.
421
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
State and local taxes,
Commissions and brokerage, .
Return premiums, ....
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital, ....
Surplus over capital, .
$ 3,848 03
49,902 82
4,640 99
$58,391 84
4,361 99
$54,029 85
367,756 44
389 84
16,308 60
13,163 33
2,476 09
$454,124 15
14,127 67
$439,996 48
$408,031 75
200,000 00
$208,031 75
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, ,
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from all other sources,
$85,433 01
766,359 55
$851,792 56
114,558 88
$737,233 68
184,423 46
$552,810 22
23,552 24
99 36
Gross cash income, $576,461 82
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$402,363 69
45,508 52
$356,855 17
111,567 08
69,838 80
17,084 87
44,406 06
$599,751 98
422
ATLAS ASSURANCE CO.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
.150,124,854 00 £645,574 62
. 59,521,885 00 766,359 55
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
1109,646,739 00 $1,411,934 17
. 49,618,425 00 632,514 55
. $60,028,314 00 $779,419 62
. 5,150,099 00 66,156 63
Net amount in force, .
Miscellaneous.
Fire losses incurred during the year, .
.$54,878,215 00 $713,262 99
. $356,929 00
UNITED STATES BRANCH OF THE "ATLAS ASSURANCE
COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
J. M. NEUBURGER, United States Manager.
Office, 315 Dearborn Street, Chicago, III.
Detailed Statement
United States bonds,
Boston city bonds, .
Pennsylvania R.R. bonds, .
N. Y. C. & H. R. R.R. bonds,
Boston & Maine R.R. bonds,
N. Y. & Putnam R.R. bonds,
Louisville, Ky., city bonds,
St. Louis, Mo., city bonds,
Mass. State highway loan,
N. Y. C. & H. R. R.R. bonds,
New Mexico Territorial bonds
of Stocks and Bonds.
Par Value.
$350,000 00
180,000 00
25,000 00
25,000 00
25,000 00
25,000 00
50,000 00
15,000 00
50,000 00
70,000 00
10,000 00
Market Value.
$371,000 00
204,300 00
28,375 00
25,500 00
31,750 00
26,250 00
52,500 00
16,200 00
54,500 00
76,650 00
10,570 00
$825,000 00 $897,595 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Bills receivable,
Reinsurance due on losses paid,
Agents 1 debit balances, ....
Prem's more than three mos. due, $506 94
Gross assets,
$897,595 00
3,324 75
19,569 78
7,891 67
112,066 69
209 69
3,401 38
344 09
$1,044,403 05
ATLAS ASSURANCE CO.
423
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Due for bills receivable, ....
Reinsurance,
Agents 1 debit balances, ....
$169,570 00
15,394 53
209 69
46 10
344 09
$185,564 41
$858,838 64
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital,
$9,632 80
58,038 04
6,549 07
$74,219 91
10,398 68
$63,821 23
516,790 52
4,084 80
23,401 36
1,230 25
1,080 02
$610,408 18
40,643 64
569,764 54
$289,074 10
200,000 00
189,074 10
Income.
Fire premiums outstanding Dec. 31, 1899, . $135,062 92
Same not collected, 68 07
Net collected, $134,994 85
Premiums on risks written or renewed, . . 1,033,627 35
Total, $1,168,622 20
Premiums now in course of collection, . . 112,573 63
Entire premiums collected, . . ,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from profit on exchange of bonds,
Deposits received for perpetual fire risks,
Gross cash income,
$1,056,048 57
321,960 33
$292 50
$734,088 24
29,063 73
36,750 00
$799,901 97
424
BALOISE FIRE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$635,985 18
135,227 29
$500,757 89
145,709 89
50,616 73
23,780 36
62,665 58
Gross cash expenditures, $783,530 45
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$105,025,025 00 $1,117,745 11
. 101,121,213 00 1,033,627 35
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, ....
Perpetual risks in force (not incl'd above),
$206,146,238 00 $2,151,372 46
. 100,009,200 00 970,133 26
$106,137,038 00 $1,181,239 20
. 13,555,006 00 149,117 31
. $92,582,032 00 $1,032,121 89
. $111,447 00 $4,299 79
Miscellaneous.
Fire losses incurred during the year,
$481,516 00
UNITED STATES BRANCH OF THE " BALOISE FIRE INSURANCE
COMPANY," BASLE, SWITZERLAND.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, 29 and 31 Liberty Street, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States government bonds, ' . . . $200,000 00 $276,500 00
Consolidated stock of the city of N. Y., . . 200,000 00 216,000 00
Atchison, Topeka & Santa Fe R.R. Co. bonds, . 50,000 00 51,437 50
Northern Pacific R.R. Co. bonds, . . . 50,000 00 52,937 50
Union Pacific R.R. C<3. bonds, .... 50,000 00 53,750 00
$550,000 00 %6o0,6'25 00
BALOISE FIRE INSURANCE CO.
425
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, . . . $650,625 00
Cash in the office of the company, . . . 359 48
Cash deposited in bank, 117,978 36
Interest due and accrued, 1,166 67
Premiums in course of collection (gross), . 66,159 21
Prem's more than three mos. due, $1,872 12
Gross assets,
,288 72
Unadmitted.
Cash not in control of trustees,
7,700 21
$828,588 51
Liabilities.
Losses adjusted, unpaid,
$15,357 88
claimed and reported, ....
21,327 15
disputed or resisted, ....
3,985 68
Total amount of losses,
$40,670 71
Less reinsurance,
3,824 42
Net amount of unpaid losses, ....
$36,846 29
Unearned premiums on outstanding risks,
222,296 78
Due and accrued for rent, salaries, etc., .
564 36
Commissions and brokerage, ....
17,567 47
Return premiums,
11,213 44
Reinsurance,
2,341 49
Gross liabilities, except capital,
290,829 83
Surplus as regards policy holders, .
$537,758 68
• • •
200,000 00
Surplus over capital,
$337,758 68
Income.
Fire premiums outstanding Dec. 31, 1899,
$89,453 97
Premiums on risks written or renewed, .
502,379 54
Total,
$591,833 51
Premiums now in course of collection, .
68,031 33
Entire premiums collected, ....
$523,802 18
Less reinsurance and return premiums, .
143,410 46
Net cash fire premiums received,
Interest and dividends received from all sources
$380,391 72
23,987 11
• • • ■
$404,378 83
426
THE BRITISH AMERICA ASSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$299,083 93
20,102 27
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Miscellaneous
Fire losses incurred during the year,
$39,038,481 00
42,807,528 00
$81,846,009 00
42,627,619 00
$39,218,390 00
2,394,681 00
$278,981 66
122,993 78
1,500 00
2,069 72
1,863 96
$407,409 12
Premiums.
$441,443 02
502,379 54
$943,822 56
478,544 92
$465,277 64
28,118 21
$36,823,709 00 $437,159 43
$254,353 00
UNITED STATES BRANCH OF "THE BRITISH AMERICA
ASSURANCE COMPANY," TORONTO, CANADA.
Deposit Capital, $200,000.
FREDERICK B. CARPENTER, Attorney.
Office, 92 Water Street, Boston.
Detailed Statement of
City of New York stock, .
United States bonds, .
Georgia State bonds,
City of London, Can., bonds,
City of Toronto, Can., bonds,
City of Winnipeg, Can., bonds,
City of Kingston, Can., bonds,
City of Richmond, Va., bonds,
City of Toledo, O., bonds,
City of Columbus, O., bonds,
City of Riverside, Cal., bonds,
City of Brooklyn, N. Y., bonds
City of Colorado Springs, Col.
N. Y. & West Shore R'y bonds
bonds,
Stocks and Bonds.
Par Value.
$170,000 00
110,000 00
10,000 00
150,000 00
40,000 00
20,000 00
20,000 00
26,300 00
60,000 00
50,000 00
25,000 00
30,000 00
25,000 00
12,000 00
Market Value.
$182,104 00
117,700 00
12,050 00
159,744 00
40,000 00
22,236 00
22,860 00
27,321 06
70,500 00
54,625 00
28,092 50
32,475 00
26,500 00
13,980 00
THE BRITISH AMERICA ASSURANCE CO.
427
Kochester Electric R'y Co. bonds, .
Toronto Electric Light Co. bonds, .
Central Canada L. & S. Co. debentures, .
Canada Permanent & Western Can. stock,
Par Value.
$25,000 00
20,000 00
100,000 00
8,940 00
Market Value.
$27,000 00
20,606 00
100,000 00
9,655 20
$902,240 00 $967,448 76
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens),
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Gross assets,
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$10,000 00
967,448 76
86,671 40
14,338 37
231,128 38
476 28
$280,446 06
53,306 66
$1,310,063 19
333,752 72
Balance, $976,310 47
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Impairment of capital,*
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total, .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$21,935 20
83,399 19
3,598 00
718,917 86
53,755 09
42 30
$881,647 64
99,792 88
781,854 76
$194,455 71
200,000 00
$5,544 29
$173,250 17
1,250,405 95
51,423,656 12
178,347 82
^1,245,308 30
259,645 68
$985,662 62
* Since rendering its annual statement the company has deposited in the hands of its
trustees $15,000 in cash in addition to the holdings of Dec. 31, 1900.
428
THE BRITISH AMERICA ASSURANCE CO.
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
$5,751 18
385,587 76
$391,338 94
52,780 56
1338,558 38
115,005 24
$223,553 14
31,114 23
Interest and dividends received from all sources, .
Gross cash income, $1,240,329 99
Expenditures.
Cask paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . -
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$828,688 54
125,797 99
1228,128 04
62,776 28
$702,890 55
Gross cash expenditures, .
165,351 76
212,424 54
60,366 34
40,414 31
64,116 70
$1,245,564 20
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Premiums.
6129,158,982 00 $1,190,856 64
. 105,027,258 00 1,250,405 95
$234,186,240 00 $2,441,262 59
. 112,105,317 00 1,113,171 26
$122,080,923 00 $1,328,091 33
. 2,014,518 00 22,183 05
$120,066,405 00 $1,305,908 28
. $2,411,469 00 $43,380 76
. 36,916,882 00 385,587 76
$39,328,351 00 $428,968 52
37,357,413 00 368,939 14
$1,970,938 00 $60,029 38
Miscellaneous.
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
$706,241 00
176,480 00
BRITISH AND FOREIGN MARINE INSURANCE CO.
429
UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN
MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL,
ENGLAND.
Deposit Capital, $300,000.
FRANK GAIR MACOMBER, Attorney.
Office, 115 Water Street, Boston.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Boston & Lowell R.R. bonds, .... $100,000 00 $102,750 00
Fitchburg R.R. bonds, 30,000 00 30,750 00
Boston, Clinton, Fitch. & N. Bed. R.R. bonds, 2,000 00 2,260 00
New England R.R. bonds, .... 50,000 00 65,000 00
Massachusetts State bonds, .... 12,000 00 13,440 00
Boston & Maine R.R. bonds, .... 1,000 00 1,260 00
Old Colony R.R. bonds, 87,000 00 96,860 00
Eastern R.R. bonds 22,839 80 25,978 97
Brooklyn city bonds, 42,000 00 42,000 00
New York city water stock, .... 158,000 00 164,500 00
United States bonds, 110,000 00 148,600 00
Port of Portland bonds, 5,000 00 6,000 00
City of Portland bonds, 12,000 00 14,520 00
Allegheny Valley R.R. bonds, .... 100,000 00 123,250 00
Pennsylvania Railroad bonds, .... 68,100 00 72,039 75
Chicago, Mil. & St. Paul R.R. bonds, . . 75,000 00 89,812 50 ,
Richmond city bonds, 50,000 00 50,000 00
Lehigh Valley R.R. bonds, .... 35,000 00 38,062 50
New York Central & Hudson River R.R. bonds, 50,000 00 51,333 33
Pitts., Ft. Wayne & Chicago R.R. stock, . . 50,000 00 92,625 00
Cleveland & Pittsburgh R.R. stock, . . . 25,000 00 46,104 17
$1,084,939 80 $1,277,146 22
Summary of Assets Dec. 31, 1900.
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash deposited in bank,
Interest due and accrued,
Premiums in course of collection (gross),
Reinsurance due on losses paid,
Prem's more than three mos. due, $12,387 71
Gross assets,
$27,500 00
625 00
1,277,146 22
36,481 81
14,888 55
223,067 11
89,560 04
$1,669,268 73
* Value of property mortgaged, .
Amount of insurance held as collateral, .
$41,000 00
15,500 00
430
BRITISH AND FOREIGN MARINE INSURANCE CO.
Unadmitted.
Special deposits in other States, . . . $187,070 00
Cash not in control of trustees, . . . 36,481 81
Premiums in course in excess of unearned, . 57,461 39
Reinsurance, 52,916 63
$333,929 83
Balance $1,335,338 90
Liabilities.
Losses adjusted, claimed and reported,
Losses disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$382,912 61
16,830 00
$399,742 61
189,528 53
$210,214 08
165,605 72
20,597 42
81,064 81
105,976 66
$583,458 69
4,267 83
579,190 86
Surplus as regards policy holders,
$756,148 04
Deposit capital, 300,000 00
Surplus over capital, $456,148 04
Income.
Marine premiums outstanding Dec. 31, 1899,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all
Received from home office,
Gross cash income,
" $389,495 62
9,204 26
6380,291 36
2,075,821 72
$2,456,113 08
235,454 82
$2,220,658 26
1,141,335 62
sources,
$1,079,322 64
46,955 38
$340,391 40
$1,126,278 02
CALEDONIAN INSURANCE CO.
431
Expenditures.
Cash paid for marine and inland losses, . . $1,372,916 67
Deduct salvage and reinsurance, . . . 918,008 45
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
Remitted to home office, $681,381 43
Gross cash expenditures, ....
Risks and Premiums.
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
. $29,630,382 00
. 646,090,121 00
$675,720,503 00
. 649,162,783 00
. $26,557,720 00
. 9,481,816 00
$454,908 22
199,118 72
84,593 15
42,809 79
$781,429 88
Premiums.
$317,081 76
2,075,821 72
$2,392,903 48
2,110,776 42
$282,127 06
116,521 34
Net amount in force, .
Miscellaneous.
Marine and inland losses incurred during the year,
. $17,075,904 00 $165,605 72
$298,371 00
UNITED STATES BRANCH OF THE " CALEDONIAN INSURANCE
COMPANY," EDINBURGH, SCOTLAND.
Deposit Capital, $200,000.
CHARLES H. POST, i __
N. A. MCNEIL, [Managers.
Office, 27-29 Pine Street, New York, N. T.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States government bonds, . . . $300,000 00 $346,500 00
New York city bonds, 225,000 00 245,625 00
Central R.R. of N. J. bonds 50,000 00 64,500 00
Penn. & N. Y. Canal & R.R. Co. bonds, . . 100,000 00 94,000 00
N. Y., Chic. & St. Louis R.R. Co. bonds, . . 60,000 00 64,800 00
Lehigh Valley R.R. Co. bonds, . . . 50,000 00 62,000 00
Chicago, Burl. & Quincy R.R. Co. bonds, . 50,000 00 55,750 00
Allentown Terminal R.R. Co. bonds, . . 50,000 00 51,000 00
Richmond & Petersburg R.R. Co. bonds, . 50,000 00 55,500 00
St Paul, Minn. & Man. R.R. Co. bonds, . . 50,000 00 51,750 00
Lake Erie & Western R.R. Co. bonds, . . 50,000 00 62,500 00
Chic, Mil. & St. Paul R.R. Co. bonds, . . 50,000 00 60,125 00
Phila., Wilmington & Bait. R.R. Co. bonds, . 50,000 00 55,000 00
St. Paul, Minn. & Manitoba R.R. Co. bonds, . 50,000 00 58,500 00
432
CALEDONIAN INSURANCE CO.
Long Island R.R. Co. bonds, .
Chic, Rock Island & Pacific R.R. Co. bonds,
Portland, Ore., water loan bonds,
State of Georgia bonds,
Lehigh Valley Coal Co. bonds,
City of Richmond, Va , bonds, .
Jersey City bonds, .
Chic, Mil. & St. Paul R.R. Co. stock,
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Reinsurance due on losses paid,
Due from other companies,
Preni's more than three mos. due, $9,071 50
Gross assets,
Par Value.
$50,000 00
50,000 00
50,000 00
10,000 00
25,000 00
25,000 00
8,000 00
20,000 00
Market Value.
$52,000 00
54,750 00
60,875 00
10,575 00
26,250 00
26,500 00
8,760 00"
37,400 00
$1,423,000 00 $1,604,660 00
31, 1900.
$1,604,660 00
903 12
123,931 95
14,484 15
164,024 98
493 96
1,247 72
871 78
$1,910,617 66
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Miscellaneous, ....
$213,450 00
10,036 35
1,365 74
224,852 09
Balance, $1,685,765 57
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risk
Commissions and brokerage, .
Reinsurance, ....
Contingent and miscellaneous,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital,
$78,436 12
48,540 70
11,196 12
$138,172 94
25,707 48
$112,465 46
919,355 13
35,245 So
22,157 93
12,356 10
? 1,101,580 47
72,763 83
1,028,816 64
£656,948 93
200,000 00
Surplus over capital, $456,948 93
CALEDONIAN INSURANCE CO. 433
Income.
Fire premiums outstanding Dec. 31, 1899, . $170,139 46
Premiums on risks written or renewed, . . 1,702,843 15
Total, $1,872,982 61
Premiums now in course of collection, . . 173,096 48
Entire premiums collected, .... $1,699,886 13
Less reinsurance and return premiums, . . 471,477 72
Net cash fire premiums received, . . . $1,228,408 41
Interest and dividends received from all sources, . . . 62,762 90
Income from profit on sale of securities, 7,108 23
Gross cash income, $1,298,279 54
Expenditures.
Cash paid for fire losses, $988,840 45
Deduct salvage and reinsurance, . . . 138,352 20
Net cash paid for fire losses, .... $850,488 25
Cash paid for commissions and brokerage, .... 259,400 45
for salaries of officers and employees, . . . 90,008 27
for State and local taxes, 40,320 19
for incidentals, 82,352 15
Remitted to home oflBce, $38,478 01
Gross cash expenditures, $1,322,569 31
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$201,164,302 00 $1,976,143 54
. 156,983,363 00 1,702,843 15
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
$358,147,665 00 $3,678,986 69
. 152,761,443 00 1,598,166 24
$205,386,222 00 $2,080,820 45
. 23,690,643 00 258,725 30
Net amount in force, .... $181,695,579 00 $1,822,095 15
Miscellaneous.
Fire losses incurred during the year, $796,863 00
434 COLOGNE REINSURANCE CO.
UNITED STATES BRANCH OF THE "COLOGNE REINSURANCE
COMPANY," COLOGNE, GERMANY.
Deposit Capital, $200,000.
RICHARD LEWIS, United States Manager.
Office, Corner Liberty and Nassau Streets, New York, N. Y.
Detailed Statement of Stocks and Bonds.
United States bonds,
New York city bonds, ....
Atchison, Topeka & Santa Fe R.R. bonds,
Central Pacific R'y Co. bonds, .
Chic, Mil. & St. Paul R'y Co. bonds,
Union Pacific R'y Co. bonds, .
Par Value. Market Value.
$159,000 00 1219,420 00
150,000 00 162,000 00
30,000 00 30,862 50
68,000 00 66,260 00
20,000 00 23,825 00
28,000 00 30,100 00
$455,000 00 1532,467 50
Summary of Assets Dec 31, 1900.
Stocks and bonds, as per schedule, . . . § 532,467 50
Cash deposited in bank, 2,991 86
Premiums in course of collection (gross) , . 96,447 76
Gross assets, ...... $631,907 12
Unadmitted.
Cash not in control of trustees, 2,991 86
Balance, .... $628,915 26
Liabilities.
Losses adjusted, unpaid, $8,417 60
Losses claimed and reported, .... 39,204 00
Unearned premiums on outstanding risks, . 225,870 26
State and local taxes, 185 40
Commissions and brokerage, .... 28,351 73
Gross liabilities, except capital, . . 302,028 99
Surplus as regards policy holders, $326,886 27
Deposit capital, 200,000 00
Surplus over capital, $126,886 27
COMMERCIAL UNION ASSURANCE CO. ( LIMITED ) . 435
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all
Received from home office,
Gross cash income,
$50,801 12
459,044 70
$509,845 82
96,447 76
$413,398 06
64,537 45
sources,
$100,000 00
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for State and local taxes, .
for incidentals, .
Remitted to home office,
Gross cash expenditures, ....
Risks and Premiums.
$126,162 83
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total
Deduct risks expired and terminated,
In force at end of year,
. $14,735,844 00
. 57,593,180 00
. $72,329,024 00
. 26,296,596 00
$348,860 61
18,140 00
$367,000 61
$131,764 57
102,010 82
3,667 87
212 90
$237,656 16
Premiums.
$123,960 72
459,044 70
$583,005 42
189,361 53
. $46,032,428 00 $393,643 89
Miscellaneous.
Fire losses incurred during the year,
$169,059 00
UNITED STATES BRANCH OF THE "COMMERCIAL UNION
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND.
Deposit Capital, $200,000.
A. H. WRAY, Manager.
Office, Corner Pine and William Streets, New York, N. Y.
Detailed Statement of Stocks and Bonds.
United States bonds, .
Baltimore & Ohio R.R. bonds, .
Par Value.
$410,000 00
30,000 00
Market Value.
$565,800 00
30,000 00
436 COMMERCIAL UNION ASSURANCE CO. (LIMITED).
Central of N. J. R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Northwestern R.R. bonds,
Chic, Rock Island & Pacific R.R. bonds, .
Cleve., Cin., Ohio & St. Louis R.R. bonds,
Indianapolis & Vincennes R.R. bonds,
Lehigh Valley of N. Y. R.R. bonds,
Lehigh Valley Terminal R.R. bonds,
Milwaukee, Lake Shore & West. R.R. bonds,
Western Pennsylvania R.R. bonds, .
West Shore R.R. bonds, ....
Union Pacific R.R. bonds, ....
New York & Long Branch R.R. bonds, .
Northern Pacific R.R. bonds, .
New York city bonds, ....
Pittsburg, Ft. Wayne & Chicago stock, .
Par Value.
$50,000 00
100,000 00
120,000 00
60,000 00
50,000 00
65,000 00
50,000 00
50,000 00
25,000 00
50,000 00
50,000 00
100,000 00
28,000 00
100,000 00
200,000 00
15,000 00
Market Value.
£64,625 00
117,468 75
145,512 50
79,875 00
47,000 00
77,350 00
55,750 00
56,000 00
33,937 50
56,000 00
58,000 00
107,500 00
36,400 00
105,875 00
217,250 00
28,050 00
$1,553,000 00 $1,882,393 75
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire, marine and inland risks,
Due from Palatine Ins. Co.,
Rents due and accrued, ....
Reinsurance due on losses paid,
Prem's more than three mos. due, $10,504 02
Gross assets
$888,148 68
230,500 00
4,010 41
1,882,393 75
10,605 86
177,098 83
17,308 30
479,631 19
5,875 67
143,266 53
8,055 54
4,182 15
£3,851,076 91
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Bills receivable,
$289,800 00
39,292 09
5,875 67
334.967 76
Balance, $3,516,109 15
* Value of lands mortgaged, $123,000 00
Value of buildings thereon, 240,000 00
Amount of insurance held as collateral, .... 192,500 00
COMMERCIAL UNION ASSURANCE CO. (LIMITED). 437
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
$145,110 00
150,415 00
49,500 00
$345,025 00
23,376 00
$321,649 00
1,974,194 69
97,723 54
64,639 59
7,176 57
16,160 86
52,481,544 25
173,908 77
$2,307,635 48
. $1,208,473 67
200,000 00
$ 1,008,473 67
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Deposits received for perpetual fire risks,
Gross cash income, ....
$400,106 70
3,226,627 04
$3,626,733 74
485,832 12
$3,140,901 62
646,694 54
$3,827 02
102,216 47
$106,043 49
4,303 09
$101,740 40
18,557 58
sources,
$2,494,207 08
$218 00
83,182 82
11,032 50
74,680 13
16,753 21
$2,679,855 74
438 COMMERCIAL UNION ASSURANCE CO. (LIMITED;.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, . —
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Gross cash expenditures,
$1,899,872 25
131,714 14
$42,284 99
8,967 47
$1,768,158 11
33,317 52
492,586 90
140,631 61
69,291 79
151,922 34
. f2,655,908 27
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1899, . $423,184,788 00 $3,929,661 28
Fire risks written during 1900, . . . 309,974,637 00 3,226,627 04
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, . . . . $401,717,678 00 $3,857,323 41
$733,159,425 00 $7,156,288 32
. 303,424,536 00 3,076,165 29
$429,734,889 00 $4,080,123 03
. 28,017,211 00 222,799 62
Perpetual risks in force (not incPd above), . $5,193,107 00 $108,58171
Marine risks outstanding Dec. 31, 1899,
Marine risks written during 1900, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$385,720 00 $19,255 86
38,509,391 00 102,216 47
$38,895,111 00 $121,472 33
38,086,015 00 85,259 67
$809,096 00 $36,212 66
53,000 00
. $756,096 00 $34,131 93
Miscellaneous.
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
[,717,414 00
35.068 00
HAMBURG-BREMEN FIRE INSURANCE CO.
439
UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE
INSURANCE COMPANY," HAMBURG, GERMANY.
Deposit Capital, $200,000.
F. O. AFFELD, Resident Manayer.
Office, 22 Pine Street, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, f 100,000 00 $ 107,000 00
Georgia State bonds, 10,000 00 11,625 00
New York city additional water stock, . . 130,000 00 130,975 00
New York city school house bonds, . . 100,000 00 100,500 00
Portland city, Ore., bonds, .... 50,000 00 57,750 00
Providence city, R. I., bonds, .... 25,000 00 28,500 00
Richmond city, Va., bonds, .... 27,500 00 30,887 50
St. Louis city, Mo., bonds, .... 25,000 00 25,625 00
Edison Elec. Illuminating Co. of N. Y. bonds, 20,000 00 21,700 00
Beech Creek R.R. bonds, 20,000 00 22,400 00
Central of Georgia R.R. bonds, . . . 30,000 00 36,000 00
Central R.R. of New Jersey bonds, . . . 30,000 00 38,850 00
Chic, Mil. & St. Paul R.R. bonds, . . . 50,000 00 59,850 00
Cin., Ind., St. Louis & Chic. R.R. bonds, . . 30,000 00 31,200 00
Denver & Rio Grande R.R. bonds, . . . 25,000 00 25,468 75
East Tenn., Va. & Ga. R.R. bonds, . . . 25,000 00 29,750 00
Illinois Central R.R. bonds, .... 50,000 00 53,500 00
Lake Erie & Western R.R. bonds, . . . 30,000 00 37,500 00
Long Island R.R. bonds, 30,000 00 36,450 00
Louisville & Nashville R.R. bonds, . . . 30,000 00 33,300 00
Mil., Lake Shore & Western R.R. Co. bonds, . 10,000 00 12,575 00
Missouri, Kansas & Texas R.R. bonds, . . 20,000 00 19,500 00
N. Y., Chic. & St. Louis R.R. bonds, . . 30,000 00 32,250 00
N. Y., Lake Erie & Western R.R. bonds, . 25,000 00 35,062 50
Northern Pacific R.R. bonds, .... 30,000 00 31,762 50
Oregon R'y & Navigation Co. bonds, . . 15,000 00 15,525 00
Pennsylvania Co. bonds, 30,000 00 34,875 00
Pennsylvania R.R. bonds, 25,000 00 29,850 00
Pitts., Cin., Chic. & St. Louis R.R. bonds, . 30,000 00 34,950 00
St. Louis & San Francisco R.R. bonds, . . 15,000 00 17,325 00
St. Paul, Minn. & Manitoba R.R. bonds, . . 30,000 00 34,950 00
Scioto Valley & New Eng. R.R. bonds, . . 30,000 00 30,450 00
Union Pacific R.R. bonds, 15,000 00 16,125 00
Wabash R.R. bonds, 30,000 00 35,325 00
$ 1,172,500 00 $1,299,356 25
440 HAMBURG-BREMEN FIRE INSURANCE CO.
Securities held as collateral for cash loans : —
Chicago & Alton R'y Co. bonds,' . . . $21,375 00
Lake Shore & Mich. Southern R.R. Co. bonds, 58,590 00
Market Value. Loaned Thereon.
I $65,000 00
878,965 00 165,000 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, . . . $1,299,356 25
Loans on collateral security, as per schedule, . 65,000 00
Cash deposited in bank, 93,724 64
Premiums in course of collection (gross), . 128,894 94
Gross assets,
Unadmitted.
Special deposits in other States, . . . $100,262 50
Collateral loans not in control of trustees, . 65,000 00
Cash not in control of trustees, . . . 78,724 64
$1,586,975 83
243,987 14
Balance, $1,342,988 69
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital, ....
$12,445 00
33,955 00
16,550 00
990,395 15
34,049 79
$1,087,394 94
59,093 87
1,028,301 07
$314,687 62
200,000 00
Surplus over capital, $114,687 62
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
$140,979 08
1,610,706 60
$1,751,685 68
128,894 94
$1,622,790 74
308,781 22
$1,314,009 52
53,920 89
Gross cash income, $1,367,930 41
HELVETIA SWISS FIRE INSURANCE CO.
441
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$857,500 68
63,302 06
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
$143,002,274 00
. 132,442,173 00
$275,444,447 00
. 112,419,882 00
$163,024,565 00
. 6,844,302 00
$794,198 62
254,582 67
118,111 28
40,079 44
84,375 79
$1,291,347 80
Premiums.
$1,733,854 82
1,610,706 60
$3,344,561 42
1,359,777 77
$1,984,783 65
77,926 89
Net amount in force, .
Miscellaneous.
Fire losses incurred during the year,
$156,180,263 00 $1,906,856 76
5733,339 00
UNITED STATES BRANCH OF THE "HELVETIA SWISS FIRE
INSURANCE COMPANY," ST. GALL, SWITZERLAND.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, 29-31 Liberty Street, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $270,000 00 $373,275 00
City of New York consolidated stock, . . 50,000 00 54,000 00
New York State Canal bonds, .... 200,000 00 202,500 00
Cleveland & Mahoning Valley RR. bonds, . 5,000 00 6,450 00
Evansville & Terre Haute R.R. bonds, . . 5,000 00 6,275 00
Lake Erie & Western R.R. bonds, . . . 5,000 00 6,250 00
Lehigh Valley R.R. Co. bonds, . . . 5,000 00 5,575 00
Long Island R.R. Co. bonds, .... 5,000 00 6,137 50
Mil., Lake Shore & Western R.R. bonds, . . 5,000 00 6,800 00
Pacific R.R. of Mo. bonds, .... 5,000 00 5,375 00
Panama R.R. Co. bonds, 32,000 00 33,440 00
St. Paul & Sioux City R.R. bonds, . . . 5,000 00 6,500 00
$592,000 00 $712,577 50
442
HELVETIA SWISS FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, $4,576 99
Gross assets,
Unadmitted.
Cash not in control of trustees,
1712,577 50
189 16
63,808 57
3,291 67
87,770 47
1867,637 37
2,187 79
Balance, £865,449 58
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital,
112,656 29
18,452 15
5,250 00
$36,358 44
469 94
$35,888 50
260,326 13
19,831 49
18,719 42
3,744 58
66 52
338,576 64
f526,872 94
200,000 00
Surplus over capital, $326,872 94
Income.
Fire premiums outstanding Dec. 31, 1899, . $108,092 16
Premiums on risks written or renewed, . . 616,503 82
Total, ?724,595 98
Premiums now in course of collection, . . 92,347 46
Entire premiums collected, .... $632,248 52
Less reinsurance and return premiums, . . 193,735 58
Net cash fire premiums received,
Interest and dividends received from all sources, .
$438,512 94
21,863 68
Gross cash income,
$460,376 62
THE IMPERIAL INSURANCE CO. ( LIMITED) .
443
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$394,736 62
22,939 99
$371,796 63
120,913 23
3,000 00
12,469 59
19,786 50
$527,965 95
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
.$50,507,006 00 $519,040 71
. 53,162,147 00 616,503 82
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Miscellaneous
Fire losses incurred during the year,
$103,669,153 00 $1,135,544 53
58,364,749 00 594,655 01
$45,304,404 00 $540,889 52
2,847,085 00 30,183 60
$42,457,319 00 $510,705 92
. $326,741 00
UNITED STATES BRANCH OF "THE IMPERIAL INSURANCE
COMPANY (LIMITED)," LONDON, ENGLAND.
Deposit Capital, $200,000.
THOS. D. BELFIELD, General Attorney.
Office, 33 Pine Street, New York, N. T.
Detailed Statement
United States bonds, .
New York city bonds,
City of Boston bonds,
West Shore R.R. Co. bonds,
West Virginia State certificates,
County of Essex, N. J., park bonds,
Lehigh Valley R.R. bonds,
City of Providence bonds,
Hudson County, N. J., bonds, .
Illinois Central R.R. Co. bonds,
of Stocks and Bonds.
Par Value.
$466,000 00
110,000 00
100,000 00
50,000 00
28,666 67
100,000 00
40,000 00
50,000 00
50,000 00
50,000 00
Market Value.
$533,570 00
111,700 00
105,625 00
57,500 00
1,720 00
107,250 00
41,000 00
53,125 00
57,000 00
51,562 50
$1,044,666 67 $1,120,052 50
444
THE IMPERIAL INSURANCE CO. ( LIMITED).
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, $20,907 71
Gross assets,
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$476,634 70
1,120,052 50
1,292 84
83,068 95
5,091 66
205,657 79
2,559 16
$1,894,357 60
$263,350 00
84,361 79
347,711 79
Balance, $1,546,645 81
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance.
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital,
$35,246 87
57,086 28
21,845 00
$114,178 15
2,566 59
$111,611 56
936,022 80
750 00
39,001 07
419 64
$1,087,805 07
112,715 00
975,090 07
$571,555 74
200,000 00
$371,555 74
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$264,482 53
1,657,680 46
$1,922,163 02
226,565 50
$1,695,597 52
409,098 05
$1,286,499 4;
THE LANCASHIRE INSURANCE CO.
445
Interest and dividends received from all sources,
Income from rents,
Received from home office, ....
Gross cash income,
$39,555 35
29,539 19
$171,007 85
. $1,355,594 01
Expenditures.
Cash paid for fire losses, $1,018,889 74
Deduct salvage and reinsurance, . . . 80,943 30
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for expenses on real estate,
for incidentals,
Remitted to home office, $71,572 77
$937,946 44
265,307 66
86,401 71
67,574 72
13,027 00
110,326 32
Gross cash expenditures, $1,480,583 85
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premiums.
$173,469,513 00 $1,829,519 44
. 143,730,537 00 1,657,680 46
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$317,200,050 00 $3,487,199 90
. 132,096,115 00 1,477,762 03
$185,103,935 00 $2,009,437 87
. 12,417,966 00 155,625 85
$172,685,969 00 $1,853,812 02
Miscellaneous.
Fire losses incurred during the year,
$868,423 00
UNITED STATES BRANCH OF " THE LANCASHIRE INSURANCE
COMPANY," MANCHESTER, ENGLAND.
Deposit Capital, $200,000.
MILTON DARGAN, Resident Manager.
Office, 25 Pine Street, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $350,000 00 $404,250 00
Albany & Susquehanna R.R. Co. bonds, . . 15,000 00 16,800 00
Atchison, Topeka & Santa Fe R.R. Co. bonds, 34,000 00 34,977 50
446
THE LANCASHIRE INSURANCE CO.
Baltimore & Ohio R.R. Co. bonds, .
Brooklyn & Montauk R.R. Co. bonds,
Chicago, Burl. & Quincy R.R. Co. bonds,
Chic, Mil. & St. Paul R.R. Co. bonds, .
Chicago & Northwestern R.R bonds,
Chic , Rock Island & Pacific R.R. Co. bonds,
Cleve , Cin., Chic. & St. Louis R.R. Co. bonds
Chic, St. Louis & N. Orleans R.R. Co. bonds,
City of Portland, Ore., water bonds,
City of New York corporate stock, .
County of Essex, N. J., park bonds,
Detroit, Mon. & Toledo R.R. Co. bonds, .
Equitable Gas Light Co., N. Y., bonds, .
Illinois Central R.R. Co. bonds,
Michigan Central R.R. Co. bonds, .
N. Y. Central & Hudson River R.R. Co. bonds
N. Y., Lack. & Western R.R. Co. bonds, .
Northern Central R.R. Co. bonds, .
North Pennsylvania R.R. Co. bonds,
Ottum., Cedar Falls & St. P'l R.R. Co. bonds,
Philadelphia & Erie R.R. Co. bonds,
Pennsylvania R.R. Co. bonds, .
Pennsylvania Co. bonds, ....
Rome, Watertown & Ogdens. R.R. Co. bonds
Syracuse, Bing. & New York R.R. Co. bonds,
State of Georgia bonds, ....
St. Paul & Northern Pacific R.R. Co. bonds,
St. Paul, Minn. & Man. R.R. Co. bonds, .
Thirty- Fourth St. Crosstown R.R. Co. bonds,
Western Pennsylvania R.R. Co. bonds, .
Chic, Mil. & St. Paul R.R. Co. stock,
Par Value.
$88,000 00
30,000 00
35,000 00
45,000 00
40,000 00
20,000 00
50,000 00
35,000 00
50,000 00
150,000 00
25,000 00
19,000 00
25,000 00
45,000 00
15,000 00
10,000 00
15,000 00
8,000 00
10,000 00
20,000 00
18,000 00
20,000 00
10,000 00
25,000 00
22,000 00
25,000 00
22,000 00
50,000 00
3,000 00
10,000 00
10,000 00
Market Value.
186,357 50
32,550 00
36,750 00
55,012 50
43,600 00
26,600 00
50,000 00
38,750 00
59,500 00
167,437 50
26,375 00
22,610 00
30,000 00
46,537 50
17,850 00
10,650 00
90,650 00
8,720 00
10,950 00
22.000 00
24,480 00
22,400 00
11,650 00
31,625 00
26,070 00
26,687 50
28,820 00
55,250 00
3,540 00
11,300 00
18,800 00
81,349,000 00 $1,529,450 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets,
§385,585 72
1,529,450 00
480 63
127,472 03
265,749 15
£2,308,737 53
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$243,425 00
16,848 30
260,273 30
Balance, $2,048,464 23
THE LANCASHIRE INSURANCE CO.
447
Liabilities.
Losses adjusted, unpaid, $112,724 69
claimed and reported, .... 137,118 98
disputed or resisted, .... 26,546 37
Total amount of losses, $276,390 04
Less reinsurance, 10,638 54
Net amount of unpaid losses, .... $265,751 50
Unearned premiums on outstanding risks, . 1,392,339 06
Reclaimable on perpetual fire policies, . . 6,764 85
State and local taxes, 5,000 00
Commissions and brokerage, .... 40,000 00
Reinsurance disallowed, 6,744 30
Gross liabilities, except capital, . . $ 1,716,599 71
Deduct liability on special deposits, . . 152,588 17
Surplus as regards policy holders,
Deposit capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
$254,518 42
2,444,125 74
^2,698,644 16
265,749 15
Entire premiums collected, .... $2,432,895 01
Less reinsurance and return premiums, . . 546,109 38
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from rents,
Deposits received for perpetual fire risks, . $225 15
Received from home office, .... 167,309 06
1,564,011 54
$484,452 69
200,000 00
$284,452 69
^,886,785 63
61,376 01
7,142 07
Gross cash income, $1,955,303 71
Expenditures.
Cash paid for fire losses, $1,459,580 05
Deduct salvage and reinsurance, . . . 130,307 00
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks, . $279 40
Remitted to home office, 73,616 94
Gross cash expenditures,
$1,329,273 05
342,767 38
178,045 91
64,515 34
153,647 93
§2,06S,249 61
448
LAW, UNION AND CROWN INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
$283,426,329 00
.241,298,167 00
$524,724,496 00
. 225,850,420 00
$298,874,076 00
. 22,851,876 00
$276,022,200 00
. $256,100 00
Miscellaneous.
Fire losses incurred during the year,
Premiums.
$2,807,454 64
2,444,125 74
$5,251,580 38
2,263,454 94
$2,988,125 44
207,416 81
$2,780,708 63
$7,516 50
$1,306,480 00
UNITED STATES BRANCH OF THE "LAW, UNION AND CROWN
INSURANCE COMPANY, 1 ' LONDON, ENGLAND.
Deposit Capital, $200,000.
HALL & HENSHAW, United States Managers.
Office, 35 Pine Street, New York City.
Detailed Statement of Stocks and Bonds.
Par Value.
$250,000 00
189,000 00
20,000 00
20,000 00
35,000 00
United States bonds,
New York city bonds, ....
Illinois Central R.R. bonds,
Standard Gas Light Co. bonds,
Pitts., Cin., Chicago & St. Louis R.R. bonds,
Market Value.
$346,875 00
202,230 00
20,800 00
23,300 00
40,775 00
$514,000 00 $633,980 00
Summary of Assets Dec. 31, 1900.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
$633,980 00
4,991 86
8,129 29
3,513 63
50,169 88
$69,375 00
13,121 15
$700,784 66
82,496 15
Balance, $618,288 51
LAW, UNION AND CROWN INSURANCE CO.
449
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
$8,036 32
44,482 59
1,275 00
153,793 91
13 95
§53,779 96
226,174 47
7,479 08
5,404 27
$292,837 78
5,099 00
$287,738 78
8330,549 73
200,000 00
Surplus over capital, $130,549 73
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
$51,442 25
557,435 23
,877 48
50,169 88
$558,707 60
175,982 07
$382,725 53
20,104 29
Gross cash income, $402,829 82
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$306,598 16
51,001 29
$255,596 87
104,423 58
6,877 54
11,639 27
8,631 65
Gross cash expenditures,
$387,168 91
450
LION FIRE INSURANCE CO.
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Premium*.
. $35,778,796 00 $358,532 25
. 50,199,582 00 557,435 23
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$85,978,378 00 |915,967 48
. 40,814,232 00 422,865 16
. $45,164,146 00 $493,102 32
. 5,354,260 00 54,371 14
. $39,809,886 00 $438,731 18
Miscellaneous.
Fire losses incurred during the year,
$274,011 00
UNITED STATES BRANCH OF THE "LION FIRE INSURANCE
COMPANY^ 1 LONDON, ENGLAND.
Deposit Capital, $200,000.
JAMES H. BREWSTER, Assistant Manager.
Office, Hartford, Conn.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
City of Portland, Ore., bonds, .... $50,000 00 $61,500 00
City of Brooklyn bonds, 210,000 00 210,000 00
City of Richmond bonds, 17,000 00 18,190 00
Georgia State bonds, 25,000 00 27,437 50
County of Lucas, O., bonds, .... 100,00000 113,000 00
Baltimore & Ohio bonds, 25,000 00 25,343 75
Atchison, Topeka & Santa Fe R.R. bonds, . 25,000 00 25,718 75
$452,000 00 $481,190 00
Summary of Assets Dec. 31, 1900.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens *),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
$4,500 00
232,577 50
5,351 40
481,190 00
145 94
71,538 17
7,010 83
82,726 86
$885,040 70
* Value of lands mortgaged, $172,560 00
Value of buildings thereon, 331,980 00
Amount of insurance held as collateral 259,500 00
LION FIRE INSURANCE CO.
451
Unadmitted,
Special deposits in other States,
Cash not in control of trustees,
$203,665 00
145 94
$203,810 94
Balance, $681,229 76
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital, ....
,425 96
30,602 10
2,100 00
$53,128 06
3,685 79
$49,442 27
433,812 47
13,228 62
6,825 63
8,073 35
679 59
$512,061 93
53,267 17
Surplus over capital, .
458,794 76
$222,435 00
200,000 00
$22,435 00
Income.
Fire premiums outstanding Dec. 31, 1899,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents
$61,828 85
825,816 01
$887,644 86
82,726 86
$804,918 00
239,163 92
$565,754 08
11,609 13
15,172 19
78 16
Gross cash income, $592,613 66
452 LIVERPOOL AND LONDON AND GLOBE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
$447,823 73
88,377 50
1859,446 23
122,440 76
32,169 43
23,320 77
33,584 83
Gross cash expenditures, $570,962 02
Fire risks outstanding Dec. 31, 1899,
Fire risks written during 1900,
Risks and Premiums.
Prem
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